Briefly describe economic growth in Latin America from 1900 to ...

[mrsjacobs44]

Briefly describe economic growth in Latin America from 1900 to the 1980s.
 
  What will be an ideal response?

Question 2

A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its domestic currency.
 
  Indicate whether the statement is true or false

[Smiles0805]

Answer to Question 1

From 1900 to 1960, the region's real GDP per capita grew as fast as or faster than that of Europe, the United States, or Asia. After World War II, most countries in Latin America experienced good rates of growth, and the two largest countries, Brazil and Mexico, had remarkable increases in their per capita income levels. Circumstances began to change as world economic growth slowed in the 1970s, and Latin American experiences became more varied. Some countries grew faster in the 1970s and some grew slower, but nearly all relied more heavily on government expenditures to stimulate growth. The undoing of this period was the onset of the Latin American Debt Crisis, which led to negative economic growth.

Answer to Question 2

FALSE