Roberto Abraham Scaruffi: The Paradoxes of Latin American Development

Tuesday, 1 July 2008

The Paradoxes of Latin American Development

The Paradoxes of Latin American Development
By Prof. James Petras
As US hegemony in Latin America becomes less profound and pervasive, Latin America's local brand of neo-liberalism expands and goes global. The onset of the US recession and financial crisis has little or no effect in slowing Latin America's export boom, demonstrating the growing de-coupling of the two regions' economies.