Latin America is caught in the cross-currents of three simultaneous crises. The first is the immediate shock of Covid-19. The second reflects years of deteriorating social conditions. The third is the result of an impasse about the region’s economy. After decades of exporting primary products and relying increasingly on migrant remissions to buoy a socially unequal model of growth, the region’s place in the world economy has never been more uncertain since the 1930s. With borders closing and world trade restructuring, Latin Americans need to chart a new economic path at a time in which its capacities to adapt are under severe strain.
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