User:Benedict nguyen/sandbox

Here, I bold italicize aklsdjf things.

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In 1982, Mexico announced that it could not meet its foreign debt payment obligations, beginning a debt crisis that would discredit Latin American economies throughout the decade. . A “reversal of development” reigned over the region, seen through negative economic growth, declines in industrial production, and thus, falling living standards for the middle and lower classes. Governments made financial security their primary policy goal over social security, enacting new neoliberal economic policies designed to reward privatization of previously national industries. In an effort to bring more investors to these industries, these governments also embraced globalization through more open interactions with the international economy. Significantly, as democracy spread across much of Latin America making the realm of government more inclusive (a trend that proved conductive to social movements), the economic ventures remained exclusive to a few elite groups within society. Neoliberal restructuring consistently redistributed income upward while denying political responsibility to provide social welfare rights, and development projects took place throughout the region but mitigate already high poverty levels. Feeling excluded from these new projects, the lower classes took ownership of their own democracy through a revitalization of social movements in Latin America.

References: --Benedict nguyen (talk) 17:25, 22 November 2011 (UTC)