HKS Affiliated Authors
Rafik Hariri Professor of the Practice of International Political Economy
Excerpt
Excerpt
Here We Go Again. Ricardo Hausmann, Spring 2009, Opinion. "Just when Latin America seemed to have overcome its chronic boom-bust cycles, the implosion on Wall Street raised new worries about instability. This time it was supposed to be different. Even as the world economy spiraled into a free fall, Latin America seemed not only poised to break the boom-bust cycle of the previous three decades—but to survive the debacle of 2008. With the economic expansion that started in 2003, the region looked stronger than it had ever been, thanks largely to the structural reforms enacted as a result of previous crises..." Link