Global crisis and Latin America
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Global crisis and Latin America
Annotation
PII
S0044748X0000617-7-1
Publication type
Article
Status
Published
Edition
Pages
15-26
Abstract
This study provides a critical perspective of the current global crisis in its Latin America dynamic. It refutes the central argument or the one that prevails both in popular and academic magazines that the crisis is a fundamentally financial phenomenon, precipitated by a lack of regulation of capital and wave of financial speculation, that can be resolved by the construction of new financial arrangements, which are more efficient and subject to better global governance. But our argument is that in the context of Latin America we are dealing with a crisis of the system and of the prevailing model, which requires a different response to those predominating in the region’s political orbit.
Keywords
crisis, global capital, “financialization”, global governance, regulation, political regime, social movements
Date of publication
01.01.2011
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0
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943
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