"The persistence into the twentieth century of a specific institutional pattern inimical to growth in Mexico and Latin America is well illustrated by the fact that, just as in the nineteenth century, the pattern generated economic stagnation and political instability, civil wars and coups, as groups struggled for the benefits of power. DĂaz finally lost power to revolutionary forces in 1910. The Mexican Revolution was followed by others in Bolivia in 1952, Cuba in 1959, and Nicaragua in 1979. Meanwhile, sustained civil wars raged in Colombia, El Salvador, Guatemala, and Peru. Expropriation or the threat of expropriation of assets continued apace, with mass agrarian reforms (or attempted reforms) in Bolivia, Brazil, Chile, Colombia, Guatemala, Peru, and Venezuela. Revolutions, expropriations, and political instability came along with military governments and various types of dictatorships. Though there was also a gradual drift toward greater political rights, it was only in the 1990s that most Latin American countries became democracies, and even then they remain mired in instability."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Daron Acemoglu and James A. Robinon, Why Nations Fail: The Origins of Power, Poverty, and Prosperity (2012)
https://en.wikiquote.org/wiki/Latin_America
Revision History
No revisions have been submitted for this quote.
Categories
Latin America
71 quotes on TrueQuotesView all quotes by Latin America →
Related Quotes
"Capitalism has neither the capacity, nor the moral, nor the ethics, nor the will to solve the problems of poverty."
"We are far too prone to think of Latin Americans as a mass of black-haired, backward people who owe what security the…"
"If we wanted to express how we'd like our revolutionary combatants, our militants, our men, to be, we should say with…"
"Scorn relations with the imperialist Government of the United States, a Government of genocide and decadence...We hav…"
"Latin America has enjoyed a long period of buoyant optimism based on the policy of industrial development through imp…"
"With what moral authority can they speak of human rights — the rulers of a nation in which the millionaire and beggar…"
"Imperialism cannot conceive of a free people, a sovereign people, an independent people. Because, simply and plainly,…"
"We are a poor country that wants to take the efforts and resources now being invested in defense of the revolution an…"
"They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?"
"Maybe Sen. @marcorubio should stop sabotaging Cuba’s international health brigades fighting Covid around the world, a…"