How does neoliberalism influence economic policies in Latin America?

Neoliberalism Questions



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How does neoliberalism influence economic policies in Latin America?

Neoliberalism influences economic policies in Latin America by promoting free market principles, limited government intervention, and deregulation. It advocates for privatization of state-owned enterprises, trade liberalization, and fiscal austerity measures. Neoliberal policies aim to attract foreign investment, increase competition, and stimulate economic growth. However, critics argue that these policies have led to income inequality, social unrest, and the erosion of social welfare programs in the region.