A combination of economic, democratic, social and political woes have affected the health of latin economies. The Argentine and Brazilian economic turmoil had a Domino effect on the adjoining countries. However, there are a few exceptions. Are there any lessons from these countries?.
Though
many countries in the world are experiencing economic
recession, the downturn is more protracted and deep in
Latin America. Argentina being the cynosure of the
crisis, had a ripple-affect on almost all the
adjoining countries of the continent. The economic
crises in Latin have no scope to exaggerate further.
The economists have been searching for a reason to
bring a trifle of smile on their faces but the search
proved to be a fool's errand. The reason may be
attributed to a multitude of problems. Ranging from
politics to policies, ethics to economies of scale,
the southern America had a series of bitter
experiences in the recent past.
It
demands a detailed analysis of each chunk of the whole
of Latin to judge the reasons of the continent's state
of being. Just like the wide range of reasons for the
current state of Latin American economies, the
solutions are wide and perhaps no generic solution can
be arrived at, since the problems are being different
for different economies in the region.
|
