From trade liberalism to the financialization of the international economy. The case of Latin America

Abstract

In this paper we propose to analyze two major periods of about twenty years each: 1960-1980 and 1980-2000, respectively. We believe, along with other authors and analysts, that in the first period there was a particular emphasis on the production effort among Latin American economies. And that in the following period the effort changed direction in order to comply, now to a large extent, with the strict demands formulated by the creditors of each country, and taking into account that a series of changes had been consolidating at the same time in the central economies, all of which could not but impact and determine to a large extent the fate and future of a large part of the Latin American peoples and nations. This will have its consequences and will be reflected in a very different economic reality and conduct, which will be the subject of the 1980-2000 period.