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Latin America's Path of Economic Reform as Leadership Changes Hands in the Majority of Republics, Economic Gains Should Be Expanded Rather Than Reversed

By: Peter Hakim. Peter Hakim is president of the Inter-American Dialogue . | The Christian Science Monitor, February 24, 1994 | Article details

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Latin America's Path of Economic Reform as Leadership Changes Hands in the Majority of Republics, Economic Gains Should Be Expanded Rather Than Reversed


Peter Hakim. Peter Hakim is president of the Inter-American Dialogue ., The Christian Science Monitor


DURING this year and next, new presidents are scheduled to take office in 14 of the 20 Latin American republics. The last such large-scale transformation of leadership in the region occurred in 1989 and 1990, a time when most of Latin America was still mired in a protracted crisis of debt and lack of growth.

Although difficult to predict, this kind of sweeping political change will almost surely have important consequences for the region and for its relations with the rest of the world. The implications for economic policy have been the main focus of attention.

Will the new leaders sustain the dramatic economic reforms - emphasizing fiscal discipline, private …

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