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Latin America: focus on three countries
Argentina: from Carlos Menem to Fernando de la Rua Fernando de la Rua’s victory in the Argentine presidential elections of October 24th marks the end of ten vears of ‘Menemism’. But what are the reasons for this major political change in Argentina and what overall assessment can be made of Carlos Menem’s two terms in…
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MERCOSUR and the challenge of the Brasilian financial crisis
In a recent article (Acque & Terre no. 6, 1998) we described the situation in Brazil to the background of the international financial crisis. Although stressing the structural weaknesses – still present – in the Brazilian economy and society, our analysis concluded that the enormous progress made by Brazil in the 1990s (a more open…
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Brazil and the international financial crisis
The financial crisis so sorely afflicting Asia and Russia has had extremely serious repercussions on all the so-called emerging countries. This has also been the case for Latin American countries, especially Brazil, Argentina, Chile, Mexico and Venezuela. The first Asian crisis of 1997 had already driven Brazil to introduce protective measures in order to minimise…