The economic history of Latin America
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- Latin America in the Global Economy:
Running Faster to Stay in Place
- By Gary Gereffi and Lynn Hempel, in NACLA's Report
on the Americas, 2 April 1996. Globalization has brought
industrialization to Latin America, but industrialization
itself may be no longer be a definitive hallmark of
national development. Industrialization no longer a
sufficient condition for core status in the world system
(44 Kb).
- Rhetoric and Reality: The World Bank's
New Concern for the Poor
- NACLA Report on the Americas, May/June 1996.
After years of spreading the gospel that the revival of
economic growth would be a cure-all for the region's
ills, the World Bank and the Inter-American Development
Bank (IDB) have begun to change their tune. These
multilateral development banks nowadays espouse the need
to improve the welfare of ordinary citizens.
- Development Dream May be Over in Latin
America
- By Mario Osava, IPS, 2 December 1997. With the informal
sector increasingly providing the only jobs available in
Latin America, the dream may be ended for countries in the
region wanting to develop societies like those of
industrialized countries. Difficulty organizing society
and having it follow the known development models of the
rich countries.
- Credit Unions Resist Globalisation with
Mergers
- By Alejandro Campos, IPS, 1 March 1999. Suffocated by
emerging competition from the private banks due to
globalization and the megaprocesses of bank fusion, Latin
America's credit unions are making mergers as the only
way to survive in competitive conditions. The credit union
is the system by far best suited to the small economic
players overlooked by globalisation.
- Latin American Economies Hammered in
1998
- By Thalif Deen, IPS, 11 June 1999. Latin America and the
Caribbean fared the worst of any region in the world last
year after being hit by the global economic crisis and by
adverse weather conditions. The financial crisis that
broke out in Asia in mid-1997 restricted Latin
America&@39;s access to external financing. Economic
authorities sought to build confidence by applying
no-nonsense monetary, fiscal and exchange-rate
policies.