There are many line of works with Latin the Statess scotch development. Even though Latin the States is working on being sparingally sound, on that point are still glitches in the system. The economic policies of Latin America negate democracy in many ways. This includes the economic polices after the 1930s and after the 1980s. The social structure of Latin America was ground on Neoliberalism, and the demise of women because of Neoliberalism. The gap between the sieve and the poor is becoming larger, kind of of decreasing. This causes a huge problem for the economic development of Latin America.
Latin America is very gamey in natural resources. Between the period of 1860s, and 1929, Latin Americas prudence was based on exports. 1929 is when the stock market crashed, and the start of the long depression. The fall of the stock market caused the prices of Latin Americas exports to decline. This was a problem, so there was a need for a new economic policy. The Import Substitution model was born. This was created because Latin America was also dependent on industrialization. Therefore, raw materials and machinery were imported. The more industry increase the more dependent Latin America was on alien exchange. This caused a small domestic market with in Latin American countries. Import Substitution Industrialization or (ISI) was based on the internal market of Latin Market.
Latin America wanted to better there experience countries with their natural resources, instead of shipping them to other countries. Latin America wanted their own people to buy goods from with in the country, to help the economy grow. This would encourage there own industries. This policy worked for three decades. For this policy there was a constant need for the flow of the money, but did non work out as planned. The rich, who had all the money, were not...
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