Economic Growth And Development Of Latin America Through...

Economic Growth and development of Latin America Through Socialism. South America is turning to the left this much is widely known. It is due to the socialist ideas and values that are very old in the Latin American culture. They can be found, according to Hugo Chà ¡vez, in biblical texts, in the Gospel, and in the practices of our indigenous peoples. The Bolivarian Revolution that started in Venezuela under the presidency of Hugo Chà ¡vez has reignited debate in Latin America and internationally on the questions of socialism and revolution introducing the reflections on class-struggle, neoliberalism, counter-power, revolutionary parties, community and communes, economy, politics, society, race and the hopes, and prospects of what is called â€Å"Socialism 21st Century† in contemporary South America. Neoliberalism is the deregulation and expansion of the market economy, it includes eliminating barriers to trade such as tariffs and government subsidies of national industry, and implementing national policies that favor the needs of business and investment (â€Å"Is Capitalism a good†). This in turn causes a loss in state revenue, which means a loss in the amount of funding available for social welfare programs. Neoliberalism became dominant in Latin America, especially in the 1990s, because of the debt crisis, the availability of highly educated technocrats, a new middle class of entrepreneurs, the failure of import substitution industrialization, and public support. Most Latin AmericanShow MoreRelatedThe Collapse Of The Soviet Union1387 Words   |  6 PagesHowever, in Latin America there has been a resurgence of socialism into the 21st century. This resurgence has come to be known as the Pink Tide. It is associated with a moderate form of socialism that attempts to work with the current capitalist global economy and globalization. Although the degree of socialism differs from country to country, the foundation among all the states was to rebuild the region through multipolarity and solidarity. Since the implementation of neoliberal economic policies inRead MoreRussia and Latin Americas Responses to Industrialization Essay1499 Words   |  6 PagesIn the 19th century, Russia and Latin America responded similarly to industrialization in the formation of a growing middle class, in a â€Å"boom† in exports and new economic ties, in urbanization, and in similar acts of revolutionary disobedience against a dictator. Latin America, as a result of industrialization, created a small market for manufactured goods unlike Russia’s vast industrial market powered by foreign investments. Also, there were long-term effects to Russia’s revolution in which a socialistRead MoreUnderstanding Latin Americas International and Economic Relations wi th Import Substitution Industrialization Model1546 Words   |  7 Pagesit’s benefits as well as its shortcomings, a small introduction of how it came to be and why must be provided. As a product of the 1930s economic crisis and wear and tear of the liberal model, ISI appears in Latin America as another economic option, proposed by ECLA (Economic Commission for Latin America, dependent of the UN) as a means of bringing Latin America out of stagnation and work towards industrialization to eliminate its dependency on agriculture which was seen as vulnerable. There are twoRead MoreImport Substitution1497 Words   |  6 Pagesmeant to generate employment, reduce foreign exchange demand, stimulate innovation, and make the country self-reliant in critical areas such as food, defense, and advanced technology. What Does Import Substitution Industrialization (ISI) Mean? An economic theory employed by developing or emerging market nations that wish to increase their self-sufficiency and decrease their dependency on developed countries.  Implementation of the theory focuses on protection and incubation of domestic infant industriesRead MoreSummary of Development of Underdevelopment1309 Words   |  6 PagesThe Development of Underdevelopment by Andrew Gunder Frank - A book Summary In his writing regarding underdevelopment of development, Andrew Gunder Frank has tried to illustrate the history of the development, underdevelopment, and the evolution of dependency to a world system theory. Finally he has come up with some alternatives and has tried to elaborate the new dualism and the recent movements in the world. According to Frank, development thinking emerged as an instrument of post war AmericanRead MoreLatin American International Locations Aren t Resistant The Global Disaster1352 Words   |  6 PagesLatin American international locations aren t resistant to the global disaster. It hit this place as it was emerging from one of the maximum severe periods of expansion in current many years. according to ECLAC figures, local GDP grew an annual common of five% among 2003 and 2008. that is a median growth of greater than three% consistent with capita, a figure that had no longer been carried out because the days of the import substitution model (ECLAC, 2008, p. 13). a few countries like ArgentinaRead MoreDemocracy and Accountability: Making the Transition from an Authoritarian Regime1600 Words   |  7 Pagesrights can, at times, motivate social and political groups to move mountains. In the 1980s, authoritarian regimes were representative of these large obstacles. This struggle is not new to Latin Americans. Throughout their history, from slavery, which still exists today, to political and religious oppression, Latin Americans have continually fought to gain basic human rights. Americans have come to see these rights as rooted in life, liberty, and the pursuit of happiness. In the late twentieth and earlyRead MoreEssay on Liberation Theology in Latin America1734 Words   |  7 PagesThe populist governments, seen in the 1950’s and 1960’s in South America, spurred industrial growth and a sense of â€Å"consciousness† amongst the inhabitants of the Latin American countries. The industrial growth greatly benefited the middle-class and the working-class; however, the poor were driven into shantytowns and rural areas. To illustrate the great poverty of this time in Latin America, people living in â€Å"shantytowns† resided in vast settlements built of cardboard and other available materialsRead More CUBA: The Great Journey in Economic Develo pment on the United State’s Doorstep5530 Words   |  23 PagesCUBA: The Great Journey in Economic Development on the United State’s Doorstep Introduction A discussion of Cuba and the occurrences within the country over the last century is often surrounded by probing analysis as to the extent to which the Revolution of 1959 actually served as a change from past regimes. It is ignorant to evaluate the revolution in a vacuum, because past events that created the climate where such a change could take place. Yet it is also immature to stateRead MoreTheories or Concept Practices of Developing Countries1234 Words   |  5 Pagesjustice, equity, fair and equal economic opportunities for all citizens. A democratic government has branches and institutions for implementation, formulation and enhancement of policies and laws; a basic democratic government has the judiciary, the legislature, the Executive and most recently the Civil Society (Robinson, 2001). Collaboration of these institutions ensures that the society has better living standards. Democratic governments promote human rights and development; human rights policies designed