Economic Policy Archives

Describe the major elements of the neo-liberal economic policy adopted by Latin American countries in recent years.

Introduction In the late 20th century, many Latin American countries shifted from state-led development strategies to neo-liberal economic policies. These policies were influenced by the debt crisis of the 1980s, pressure from international financial institutions, and the global rise of free-market ideology. Neoliberalism emphasized reducing state intervention, promoting privatization, and encouraging free trade. In this […]

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Describe the Major Elements of the Neo-Liberal Economic Policy Adopted by Latin American Countries in Recent Years

Latin American countries have undergone significant economic transformations since the 1980s, largely influenced by the adoption of neo-liberal economic policies. These policies were promoted by international financial institutions such as the International Monetary Fund (IMF), the World Bank, and the Inter-American Development Bank (IDB) in response to severe debt crises, hyperinflation, and economic stagnation that