Why Is South America In Turmoil? An Overview

November 19, 2019

Whereas today South America appears to be unraveling, a decade ago its future seemed bright. Its economy was growing whereas poverty and income inequality were in decline. The abundance brought by high commodity prices even allowed counter-cyclical policies at the time of the US subprime crisis. Yet, its current difficulties can be traced to that hopeful recent past.

María Victoria Murillo
Columbia University

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