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Debt is political: Why wealth flows from poor to rich

Geopolitical Economy Report

CHAPTER

The Origins and Implications of Financial Colonialism in Latin America

This chapter explores the concept of financial colonialism, tracing its origins to the mid-1960s through the lens of banking practices in Latin America. It highlights the political motivations behind U.S. lending, leading to a pervasive debt crisis across the region by the early 1980s.

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