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Neoliberalism in Latin America
Debt Crisis
In 1982, a crisis broke out in Mexico, which declared itself unable to pay its foreign
debt.
It was claimed that it had been contracted with illicit acts
Latin American economies were increasingly dependent on government loans and
international commercial banking.
Latin America Stagnant
The economic recession was the constant of those years, under military
dictatorships and then under constitutional regimes.
s. External debt, neoliberalism and social
instability
In the second half of the 20th century, poverty and exclusion of most peoples continued.
Neoliberalism in Latin America
The application of neoliberalism in Latin America had a negative impact on the
economy of the population.
The military dictatorships and the Latin American civil governments assumed the neoliberal proposals and undertook large privatization processes that faced strong popular resistance
But they finally managed to impose them with the support of the United States,
the IMF and the World Bank.
The Neoliberalism
It became dominant in the areas of international power and public opinion media in the countries, from the most powerful to the smallest in the world.
Neoliberal policies encouraged by the International Monetary Fund (IMF) and other
agencies, sometimes achieved monetary stabilization and inflation reduction
An economic trend based on free market forces and allow economic growth
