| Summary/Abstract |
hen the global financial and economic
crises erupted over the past year, there
was speculation that the Latin American
and Caribbean (LAC) region could insulate
itself substantially from external developments-
that the LAC countries could "decouple" themselves
from the recession in the United States and
other developed countries. In fact, while the LAC
region seems to be making it through the worldwide
storm better than it would have before the
twenty-first century, it has not decoupled itself
from the global economic situation.
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