The Economic Situation Of Latin America - 2306 Words

Latin America is filled with environmental, agricultural and culturally rich countries but unfortunately it is also the place where the majority of the countries have high levels of poverty and social inequalities. Latin America is the place where we find many natural wonders like the Amazon rainforest, the Andes, the Iguazu Falls and many other natural resources. However, the economic situation is one of the poorest in the world. According to the article, The Politics of Economic adjustment policy in Argentina, Brazil, and Mexico: Experiences in the 1980’s and challenges for the future, and in, Latin American countries underwent the worst economic recession during the 1980’s. The distribution of incomes after the 1940’s was a radical change because there was a huge gap between poverty level and the elite members of society. After that point in history it has continued the same way up until contemporary times. The considerable difference in the income inequality and the high poverty rates is what interested me and in particularly during the 70’s and 80’s, which is known as â€Å"la decada perdida† or the lost decade. The lost decade was a time of economic austerity in many countries in Latin America and this is why I became interested in this topic. As a result, I interviewed my grandfather, Jose Gomez, who lived in Mexico during those harsh times of crisis that were affecting many Latin American countries during the 1970’s and 1980’s. History about Mexican Economy beforeShow MoreRelatedThe Economic Situation Of Latin America2506 Words   |  11 PagesLatin America is filled with countries that have such great richness in environmental, agricultural and cultural goods but unfortunately it is also the place where the majority of the countries have high levels of poverty and social inequalities. Latin America is the place where we find many natural wonders like the Amazon rainforest, the Andes, the Iguazu Falls and many other natural resources. However, the economic situation is one of the poorest in the world. According to the article, The PoliticsRead MoreThe Lexus And The Olive Tree1118 Words   |  5 PagesDistinguishing between liberalism and political economic parts between â€Å"The Lexus and Olive Tree† and the â€Å"Open veins of Latin America† according to these two writers they both distinguish the concept about the future. The two writer view globalization and how it will benefit the count ries. Political economics is the branch of knowledge discipline. In the two book capitalism is the trade and industry that is controlled by private owners for profit as being done so by the countries. The two booksRead MoreStrategic Importance Of Latin America In Cold War And Beyond.1572 Words   |  7 Pages Strategic Importance of Latin America in Cold War and Beyond Background and Introduction The 20th century appears to be most destructive and productive in the history. From revolutions to wars, from colonization’s to independent states, from industrial revolution to Information technology revelation. This century had a lot to offer for historians. This century started with the different revolutions in countries to over throw monarch system, including China, turkey, Russia, and in England which colonizeRead MoreEconomic Dependence On Latin America1574 Words   |  7 Pages Economic Dependence in Latin America: From the Eagle to the Dragon? Data taken from the World Bank database show a shift in the economic relations between the United States, China, and the major economies of Latin American region; Brazil and Argentina. This pattern suggests that, while China increases its presence in Latin America, the United States loses its role as major trading partner, primary source of funding, and predominant political influence in the region. Loreily Criquit 1/23/2017Read MorePoverty in Latin America805 Words   |  4 PagesThis paper will discuss the poverty in Latin America. Latin America has always been in poverty and although there have been some ups and downs, the poverty level remains great. First, we will discuss the region that is known as Latin America, the determining factors of poverty, the statistics and history of the poverty in Latin America and the future of the poverty in Latin America. Latin America refers to the areas of America in which the Spanish or Portuguese languages prevail. These areas includeRead MoreThe World Of The Atlantic Ocean1372 Words   |  6 Pagesconquered almost all of the New World. Mexico, the Caribbean islands, and South America all became part of a vast area of European colonies known as Latin America. The British, French, Dutch, and Portuguese all had territory in this region, but the most notable conquistadors were the Spanish. New Spain included most of the Caribbean islands, Mexico, almost all of Central America, and the entire western coast of South America. Throughout all of these colonies, Spanish society was controlled by a strictRead MoreDependency Theory in Society872 Words   |  3 Pagesworld’s richest countries. Richest countries economical activities always affect poorer countries, especially they cause economical problems. The dependency theory has evolved from two main sources, first is from the United States and ot her is from Latin America. In the United States the dependency theory developed because of the socialist journal Monthly Review, where neo- Marxist thoughts were summarized and were published a publications about different social organizations. Previously the dependencyRead MoreEssay The Good Neighbor Policy1074 Words   |  5 Pagesand Latin America. This was the United States’ attempt to regain trust and economic relations with Latin America. The Good Neighbor Policy had good intentions of no longer intervening with Latin American policies and governments. During the 1930’s, the Great Depression effected the U.S. and Latin American nations. After the stock market crash the U.S. went through an economic depression which would in turn affect Latin America. President Franklin D. Roosevelt tried to help repair the Latin AmericanRead MoreEssay on U.S. Influence on Latin Culture989 Words   |  4 PagesUnited States intervention within the affairs of Latin American politics in the beginning of the twentieth century, and since the advent of a U.S. effort towards the modernization of Latin America, influences aimed at empowering communities and bringing about democratic movements among Latin American countries have been accompanied by various forms of exploitation and cultural decimation (Leonard, 1999). Efforts at modernization of Latin America have been carried out partly in opposition to theRead MoreThe Latin American Debt Crisis1584 Words   |  7 Pages The Latin American Debt crisis did not occur over night, the crisis was man y years in the making and signs of its arrival were prominent in Latin American society. The reasons for its occurrence are also expansive; some fault can also be place in countries outside of Latin America. The growth rate in the real domestic product of many Latin American countries grew at a constantly high rate in the decade prior to the crisis in the 1980s, this growth led to an increase in foreign investment, corporate