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 […]