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Video Booth RSSDid IMF Policies Fail in Latin America?
Date posted: 12 May 2008
View this article online here:
http://sacsis.org.za/site/article/17.19
This excerpt from the Massachusetts School of Law argues that the IMF and World Bank compelled Latin American nations to make structural adjustments, which are a form of neoliberal economics that include privatization and open markets.
Open markets and less regulation in Latin America, as well as in other developing countries, have led to the destruction of small businesses, as large companies from America and other parts of the developed world entered their markets.
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