Latin America PovertyPosted: March 31, 2013 | |
The region of Latin America, despite being composed of many countries, has had an almost similar economic performance in recent decades. In the 80s of the twentieth century saw the debt crisis, the pace of democratization in all countries. In the 90s, the region was dominated by liberal economic policies for shrinking the state apparatus and leave the economic momentum in the hands of private capital. In the first decade of this century the trend was reversed and states filled their coffers by the price of commodities, resumed their dominance over the economy with varying degrees of penetration according to each country.