"After World War II, the United States has been taking advantage of the hegemony of the US dollar to wring gains from the creation and flow of the world's wealth. It has used the dollar hegemony to increase the financial risk of developing countries, plunder their wealth, including resources and real estates, and obtain the monopoly rights of such public service industries in these countries as water, electricity and transportation. In those Latin American countries that adopted the Washington Consensus, the economic growth rate in the 1990s decreased by 50 percent on average from that in the 1980s."
Latin America

January 1, 1970

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Original Language: English