Latin America

Why Latin America went from boom to bust

Why Latin America went from boom to bust
Protester arrested by the Chilean riot police. Photo: Erlucho/Shutterstock

Latin America enjoyed a golden age in the 2000s, a decade defined by sustained economic growth and decreasing levels of inequality, with around 50 million people escaping poverty. At one point, experts believed Latin America would become a largely middle-class region. Now, it has once again become home to economic turmoil, social unrest, and growing disparity. 

Protests have erupted in Ecuador and Chile. Argentina faces another economic collapse of its own. Bolivia is on the cusp of civil war—with tensions remaining high after former President Evo Morales left the country following a military coup. And Venezuela...

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