Today We Learn About: Economic Turmoil in Central America

Three decades ago Latin America sat at the peak of what turned out to be a rollercoaster ride that devastated over half of a hemisphere. In the 1970s Latin America was deep into the Import Substitution Industrialization model and widespread political revolutions. The following will argue that in the short time after the fall of substitution, Latin America went through drastic changes that would have negative consequences for both human and economic development.