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[Since the early 1990s, The Southern Cone region of Latin America has witnessed the implementation of a wide range of neo-liberal reforms. Previously closed markets with a strong emphasis on Import Substituting Industries (ISIs) were gradually opened up, beginning with Chile and Argentina and later followed by Brazil, amongst others. The opening-up of these markets was to a large extent driven by the strong political desire to reinsert the Southern Cone economies into the world economy; to bring spiralling inflation levels under control; and above all to achieve sustainable long-term development. This was precipitated by the increasing internationalization and, much later, regionalization and globalization of the Southern Cone markets.]
Published: Oct 8, 2015
Keywords: Foreign Direct Investment; Trade Union; Regional Dimension; Business Association; Business Interest
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