Xiang Jun (Professor of Chile’s National Institute of Political and Strategic Studies [ANEPE], director of the Chinese Strategic Society, editor-in-chief of the inaugural edition of the Latin American Economic and Trade Quarterly) One of the most widely circulated terms related to Latin America in international political and economic circles is "Latin American Lost Decade". The oil crisis that started in 1979 led to rising interest rates in Europe and the United States.
Under the calculation of progressive interest rates, The foreign debt of Latin American countries has quadrupled rapidly, accounting for half of gross production, which has become the main culprit in dragging down industry email list the economy. In 1982, Mexico was the first to admit that it was unable to repay its foreign debts. Creditor banks realized the economic problems of Latin American countries and immediately tightened their borrowings and demanded repayment of previous short-term borrowings, triggering a series of economic crises in Latin American countries.
In September 2010, The Economist optimistically put forward a special report on "A Latin American Decade". Ironically, in September 2019, The Economist put forward "Latin America Second". A lost decade" but "not as bad as the first". At the end of 2021, José Antonio Ocampos, a professor of economics at Columbia University, pointed out in the article "Latin America's New Lost Decade" that COVID-19 (serious special infectious pneumonia, new coronary pneumonia, Wuhan The entire Latin America region has been the worst performer in developing countries since the outbreak of pneumonia. The first pink wave