What is the difference between austerity policies and the politics of austerity? At a time when Europe is pondering how to deal with its debt crisis problem, we look back at the experience of Latin America during the 1980s Latin American debt crisis. Understanding what happened then, and recognizing the advances in economics and government, may yield some lessons for Europe.
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In Fall of 2012, the Bertelsmann Foundation began a focus on Latin America as part of the Global Economic Dynamics project. With Europe trudging through a debt crisis, we felt that considering the Latin American experience with debt would be a perfect introduction to why Brasilia matters to Berlin, and […]