La Década Perdida
1980s financial crisis in Latin America / From Wikipedia, the free encyclopedia
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"La Década Perdida" ("The Lost Decade") of Latin America is a Spanish term used to describe the economic crisis suffered in Latin America during the 1980s, which continued for some countries into the 1990s.[1] In general, the crisis was composed of unpayable external debts, taxes, and volatile inflation and exchange rates, which in the majority of the countries in the region were fixed.
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