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‘The Most Significant Outcome Of The New Economic Model In Latin America Is A Rise In Poverty And Inequality’. Discuss. The New Economic Model (NEM) was a system that was put into action following the 1982 debt crisis
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'The Most Significant Outcome Of The New Economic Model In Latin America Is A Rise In Poverty And Inequality'. Discuss. The New Economic Model (NEM) was a system that was put into action following the 1982 debt crisis, in Latin America. Basically Latin America could not continue using the same economic strategies, as they were faced with debts, which they could not afford to repay. They tried a number of different methods, in looking to solve the debt crisis, including large-scale import substitution, but after the short-term positive effects of these began to subside, they were in search of a new economic strategy, which the NEM turned out to be (Bulmer-Thomas. 1996. p1). My aim is to look over the NEM in general, in Latin America and assess the results of the scheme. I will look at the results and will gauge the major outcomes resulting from the NEM and state...
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