| Economic development in Latin America has
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| | phase three into motion.Modernization
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| been a matter of great debate since they
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| | theorists persuaded Kennedy to help
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| became independent. In the nineteenth
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| | modernize Latin America in the belief
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| century, Europe and the United States
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| | that if they did so, the Latin American
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| thought the reason why there was a lack
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| | countries would commit them to capitalism
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| of development among Latin American
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| | and democracy, and not become
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| countries was because they were racially
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| | communistic. Promoting health care and
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| inferior and Catholic. In the twentieth
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| | education was most important to President
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| century, the reasons advanced was that
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| | Kennedy because Castro was very
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| they are backwards and uneducated. Latin
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| | successful in implementing these two
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| American countries assert their lack of
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| | reforms in Cuba. The plan implemented in
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| development is not because of the
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| | Latin America was very similar to the
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| theories that first world countries put
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| | Marshall Plan, which had been used for
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| forth, but rather due to the fact that
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| | European countries after World War II.
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| those same countries have stolen much of
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| | The downfall to this phase was that in
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| their mineral wealth and agricultural
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| | Latin America they were not re-creating
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| products during the colonial period.
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| | democracy, but rather creating it which
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| Since their independence, Latin American
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| | was much more difficult.By 1968 this
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| countries have went through four phases
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| | phase was failing and revolutions broke
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| of economic development.Between 1821 and
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| | out again. From 1982 to the present,
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| 1880, the first phase consisted of
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| | there has been a return to nineteenth
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| classic liberalism. This type of economy
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| | century liberalism, called
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| consisted of free trade, and opening the
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| | neo-liberalism. This economic policy
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| country to foreign investment. Many of
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| | includes open markets, foreign investors,
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| the Latin American countries produced a
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| | and globalism, such as NAFTA. This is
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| mono-crop economy, which made them very
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| | similar in many respects to the policies
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| vulnerable to fluctuations in foreign
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| | existing in the creation of the European
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| markets. Classic liberalism did create
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| | Union, but does not include open borders
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| some economic growth in the form of
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| | between the United States and Mexico. The
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| railroads, telegraphs, port works, and
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| | probable reason for keeping the borders
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| financial institutions. However this type
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| | closed is that illegal immigrants will
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| of growth benefited the wealthy only; it
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| | work for substantially less than they
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| did nothing for the lower classes. As a
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| | would if the borders were open. Foreign
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| result of this economic instability,
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| | investment in Latin American countries
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| revolts occurred among Latin American
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| | also benefit the capitalists much more
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| countries.The second phase of economic
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| | than the people of the countries
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| development was import substitution
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| | themselves because the capitalists do not
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| industrialization (ISI). Foreign
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| | have the same requirements to provide job
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| capitalists were driven out of the
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| | benefits to those workers that they would
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| countries. For example, Mexico
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| | have in the United States, such as
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| nationalized oil and railroads, thereby
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| | workman's compensation, health insurance,
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| forcing out Standard Oil and Andrew
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| | and minimum wage standards.While I have
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| Carnegie. Latin American countries closed
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| | not determined yet if America should have
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| their borders and instituted laws that
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| | open borders, I do think that foreign
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| foreigners could not own the majority
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| | investors should be required to conduct
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| interest in businesses. The government
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| | business in Latin America countries the
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| began subsidizing Latin American
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| | same as they do in the United States. By
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| businesses, but this plan did not lead to
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| | this I mean the people of those countries
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| economic prosperity. By 1959, the
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| | should have the same work benefits
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| countries had minimal development and bad
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| | prescribed by American law to their
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| economic problems, such as inflation,
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| | workers. By foreign investors neglecting
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| poor quality goods at exorbitant prices,
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| | this, they are simply exploiting the
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| and agricultural societies suffering due
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| | workers for their own profits such as was
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| to the government subsidizing industries
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| | seen in the United States in the
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| and not them. The Cuban revolution caused
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| | beginning of our industrialization.Mary
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| many Latin American countries to consider
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| | Arnold is an author on which is a site
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| their own communist revolution, which
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| | for Creative Writers.
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| instigated President John Kennedy to put
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