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What is Financial Dependency in Latin America about?

This paper examines the historical financial dependency and growth cycles of Latin American countries, highlighting a recurring pattern of financial integration and external debt that has shaped their economic strategies. It discusses how liberalizing reforms in the 1990s revived an outward-oriented economic model reminiscent of the late 19th century, while also addressing the financial fragility resulting from excessive borrowing and reliance on commodity exports. The author argues that these dynamics crea

Author

Rafael Alves

Language

EN