CPE NOTES MARCH 5 2008

CPE NOTES MARCH 5 2008 - CPE NOTES MARCH 5 2008 Between...

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CPE NOTES MARCH 5 2008 Between 1980 and the present Latin America has gone through a political transformation and an economic transformation The political transformation was a switch from military dictatorships to democracy The economic transformation was a sift from capitalist economies that were relatively closed to international trade to ones that are more open By the 1990’s most of these countries became democratic and became more open to trade Import Substitution Industrialization- Model of capitalist economy used by Latin American countries from the 1930’s to the 1980’s. Latin America main exports during the 19 th century were primary products like agricultural products, minerals, basically anything from the earth. During the Great Depression the demand and price for primary goods dropped substantially and caused the Latin American to change their economy. This caused Latin America to go to ISI which is when you produce locally what you could import (Like tools needed for primary goods). ISI runs on two principles and they are a protectionist view on international trade (Limit
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This note was uploaded on 04/13/2008 for the course POLISCI 357 taught by Professor Kaufman during the Spring '08 term at Rutgers.

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CPE NOTES MARCH 5 2008 - CPE NOTES MARCH 5 2008 Between...

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