|
La Década Perdida
"La Década Perdida" ("The Lost Decade") of Latin America is a Spanish term used to describe the economic crisis suffered in Latin America during the 1980s, which continued for some countries into the next decade. In general, the crisis was composed of unpayable external debts, taxes, and volatile inflation and exchange rates, which in the majority of the countries in the region were fixed. Overview During the 1970s, the rise in prices of raw materials (primarily oil) and the decrease in the value of the dollar caused US dollars to flow into Latin America, a region that then debated between an industrial model directed from the state or a market based model. In 1980, the decreased price of raw materials and the rise of interest rates in the industrialized countries generated a lack of resources, which provoked a massive depreciation of exchange rates, appreciating the real interest rate on the debt, a situation made worse by the presence of excessively large bureaucracies. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentina Inflation
Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the List of South American countries by area, second-largest country in South America after Brazil, the fourth-largest country in the Americas, and the List of countries and dependencies by area, eighth-largest country in the world. It shares the bulk of the Southern Cone with Chile to the west, and is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south. Argentina is a Federation, federal state subdivided into twenty-three Provinces of Argentina, provinces, and one autonomous city, which is the federal capital and List of cities in Argentina by population, largest city of the nation, Buenos Aires. The provinces and the capital have their own constitutions, but exist under a Federalism, federa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peru
, image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Firm and Happy for the Union" , national_anthem = "National Anthem of Peru" , march = "March of Flags" , image_map = PER orthographic.svg , map_caption = , image_map2 = , capital = Lima , coordinates = , largest_city = capital , official_languages = Peruvian Spanish, Spanish , languages_type = Co-official languages , languages = , ethnic_groups = , ethnic_groups_year = 2017 , demonym = Peruvians, Peruvian , government_type = Unitary state, Unitary Semi-presidential system, semi-presidential republic , leader_title1 = President of Peru, President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980s Economic History
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Collapses
Economic collapse, also called economic meltdown, is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s). Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order. Cases There are few well documented cases of economic collapse. One of the best documented cases of collapse or near collapse is the Great Depression, the causes of which are still being debated. "To understand the Great Depression is the Holy Grail of macroeconomics." —Ben Bernanke (1995) Bernanke's comment addresses the difficulty of identifying specific causes when many factors may eac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Mexico
Since the colonial era, Mexico's economic history has been characterized by resource extraction, agriculture, and a relatively underdeveloped industrial sector. Economic elites in the colonial period were predominantly Spanish-born, active as transatlantic merchants and mine owners, and diversifying their investments with the landed estates. The largest population sector was indigenous subsistence farmers, which predominantly inhabited the center and south. New Spain was envisioned by the Spanish crown as a supplier of wealth to Iberia, which was accomplished through large silver mines and indigenous labor. A colonial economy to supply foodstuffs and products from ranching as well as a domestic textile industry meant that the economy provided much of its own needs, with international trade mainly conducted through colonial monopolies. Crown economic policies rattled American-born elites’ loyalty to Spain when in 1804, it instituted a policy to make mortgage holders pay immed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caracazo
The ''Caracazo'' is the name given to the wave of protests, riots and looting. that started on 27 February 1989 in Guarenas, spreading to Caracas and surrounding towns. The weeklong clashes resulted in the deaths of hundreds of people, thousands by some accounts, mostly at the hands of security forces and the military.Amnesty International, March 1990, Reports of Arbitrary Killings and Torture:, February/March 1989, AI Index: AMR 53/02/90, https://www.amnesty.org/en/documents/amr53/002/1991/en/ The riots and the protests began mainly in response to the government's economic reforms and the resulting increase in the price of gasoline and transportation. Etymology The term, “Caracazo,” stems from the city’s name, Caracas, and “-azo,” which stems from another historic event, the Bogotazo, was a massive riot in Bogotá, recognized as having a crucial role in Colombia’s history. “Caracazo” is technically defined as the “Caracas smash” or “the big one in Caracas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
L-shaped Recession
Recession shapes or recovery shapes are used by economists to describe different types of recessions and their subsequent recoveries. There is no specific academic theory or classification system for recession shapes; rather the terminology is used as an informal shorthand to characterize recessions and their recoveries. The most commonly used terms are V-shaped (with variations of square-root shaped, and Nike-swoosh shaped), U-shaped, W-shaped (also known as a double-dip recession), and L-shaped recessions, with the COVID-19 pandemic leading to the K-shaped recession (also known as a two-stage recession). The names derive from the shape the economic data – particularly GDP – takes during the recession and recovery. V-shaped In a V-shaped recession, the economy suffers a sharp but brief period of economic decline with a clearly defined trough, followed by a strong recovery. V-shapes are the normal shape for a recession, as the strength of the economic recovery is typicall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latin American Debt Crisis
The Latin American debt crisis ( es, Crisis de la deuda latinoamericana; pt, Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as ''La Década Perdida'' (The Lost Decade), when Latin American countries reached a point where their foreign debt exceeded their earning power, and they were not able to repay it. Origins In the 1960s and 1970s, many Latin American countries, notably Brazil, Argentina, and Mexico, borrowed huge sums of money from international creditors for industrialization, especially infrastructure programs. These countries had soaring economies at the time, so the creditors were happy to provide loans. Initially, developing countries typically garnered loans through public routes like the World Bank. After 1973, private banks had an influx of funds from oil-rich countries which believed that sovereign debt was a safe investment. Mexico borrowed against future ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crisis Of 1982
image:Economic growth of Chile.PNG, Growth rate of Chile's GDP (orange) and Latin America (blue) between 1971 and 2007 The Crisis of 1982 was a major economic crisis suffered in Chile during the military government of Chile (1973–1990). La transformación económica de chilena entre 1973-2003'. Memoria Chilena. Chile's GDP fell 14.3%, and unemployment rose to 23.7%. Background After the socialist reorientation of the economy during the presidency of Salvador Allende, economic sabotage by the Richard Nixon, Nixon presidency, and the subsequent Chilean economic crisis which reached its zenith during 1973,''Historia contemporánea de Chile III. La economía: mercados empresarios y trabajadores.'' 2002. Gabriel Salazar and Julio Pinto. pp. 35–62. the Armed Forces following the orders of the military junta and with the support of the United States government made a 1973 Chilean coup d'état, Coup d'état and demobilized the forces loyal to Allende like the Revolutionary Left Moveme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lost Decade (Peru)
The Lost Decade or the Crisis of the 80s (''La crisis de los 80)'' was a period of economic stagnation in Peru throughout the 1980s which was exacerbated to a severe macroeconomic crisis by the end of the decade. Foreign debt accumulation throughout Latin America, a series of natural disasters, mass public expenditures, nationalizations of banks and financial institutions, and the shutting of Peru out of international credit markets led to a decade of macroeconomic decline. The financial crisis soon became adopted into the public sphere through hyperinflation in commodities, food shortages, and mass unemployment. By the end of the decade, Peru's gross domestic product (GDP) contracted over 20%, and poverty rose to 55%. The 1980s is often deemed as "The Lost Decade" in Peru, as the result of its social and economic crises. As a result of the crisis, large waves of Peruvians immigrated to countries such as the United States, Spain, Italy, Chile, Venezuela and Argentina. The financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El País
''El País'' (; ) is a Spanish-language daily newspaper in Spain. ''El País'' is based in the capital city of Madrid and it is owned by the Spanish media conglomerate PRISA. It is the second most circulated daily newspaper in Spain . ''El País'' is the most read newspaper in Spanish online and one of the Madrid dailies considered to be a national newspaper of record for Spain (along with '' El Mundo'' and ''ABC)''. In 2018, its number of daily sales were 138,000. Its headquarters and central editorial staff are located in Madrid, although there are regional offices in the principal Spanish cities (Barcelona, Seville, Valencia, Bilbao, and Santiago de Compostela) where regional editions were produced until 2015. ''El País'' also produces a world edition in Madrid that is available online in English and in Spanish (Latin America). History ''El País'' was founded in May 1976 by a team at PRISA which included Jesus de Polanco, José Ortega Spottorno and Carlos Mendo. The p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Economic History Of Mexico")
