Latin America and the Global Economy

  The new face of global capitalism is everywhere in Latin America—from fast food chains to superstores, vast new fields of monocrops to massive mining and hydroelectric projects. Despite the global financial crisis, which has severely affected the United States and Europe, Latin American economies have remained relatively solvent. Several countries are experiencing record growth. Brazil has become the world’s sixth-largest economy. China and India have exponentially increased trade and investment in the region. Venezuela and the region’s progressive countries have led the drive to found alternative forms of regional integration without the United States and Canada. This NACLA Report asks why and how, and looks at the grassroots response to the new face of global capitalism in the region.