now appear not quite so bad. Brazil owes about $120 billion, Mexico about $100 billion, Argentina, $70 billion, and Venezuela $50 billion.
A combination of economic and political factors appears to have driven the accumulation of debt before the present period, and some observers trace the combination and its consequences for Latin America to the politicized approach to economic development practiced by the U.S. on one hand, and the manipulative but ultimately wrongheaded approach to North-to-South development assistance on the other. It is to these two important points that we now turn.
Karl sees a connection between the persistent economic crises in Latin America
...