Description
The Global Economic Crisis in Latin America refers to the 2008-2009 financial crisis that affected many countries in the region. The crisis was caused by the housing market bubble in the United States, and it spread to other countries across borders. The three countries examined in the report, Mexico, Brazil, and Argentina, responded differently to the crisis. Mexico was the hardest hit by the crisis, with its economy contracting by 6.5%. Brazil and Argentina, however, both saw their economies grow by around 3%. The report discusses the reasons for these different responses and offers recommendations for how to prevent future crises.
When the 2008 housing market bubble burst in the United States, a financial crisis rippled from the epi-center in the United States across borders into economies both near and far, causing persistent social and economic detriment in many countries. The Global Economic Crisis in Latin America: Impacts and Responses is an examination of the impacts and responses in the diverse Latin American region through the lens of three countries: Mexico, Brazil, and Argentina.
Related Products
