Answer fully the following questions:
Q1: https://www.youtube.com/watch?v=zhV9x79PLRU
Watch the video about “Latin American Debt Crisis of the 1980s ” and summarize it in at least 1 paragraph.
Q2:
What caused Latin America’s debt crisis? Explain by incorporating the following factors: careless borrowing, economic populism, inefficiency, corruption, inflation, and capital flight.
Q.3:
Macroeconomic stabilization is a critical ingredient for sustained growth. Latin America grappled with debilitating inflation in the 1980s and 1990s. What lessons for inflation stabilization can we take from Brazil? Describe them by incorporating the following components: a pure orthodox approach, heterodox policy, and fiscal and monetary fundamentals.
Q.4: https://www.youtube.com/watch?v=YvWrrfPFvR4
In Latin America the largest source of international capital flowing into the region comes not from transnationals, investors, or development agencies but Latino themselves, The largest source of foreign funds in Latin America is the money that migrant workers send home. Why have remittances seen explosive growth? Explain. Refer to the video about “the effect of remittance money on Latin America”
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