“The banks in America went in a loss, then the big people went in a loss, then the scrap market in the slum areas came down, too”: This was how he explained the global economic crisis. A kilo of empty water bottles once worth twenty-five rupees was now worth ten, and a kilo of newspaper once worth five rupees was now worth two: This was how the global crisis was understood.1
Three very different countries on the same continent reveal the nature of modern neoliberal times. Massive exclusion and extreme deteriorated conditions of surviving in times of the global crisis are not only characteristics of Mumbai undercity in the analysis of Katherine Boo, but they also occurred in Latin America. Nevertheless, three cases analyzed in this volume show the negative effects of the 2008 financial crisis common in most of the countries during the time of the global crisis, moreover, peculiar differences between three Latin American countries. One might think that Latin America is a homogenous region, but in fact, it is not. Ecuador, Brazil and Mexico present different macroeconomic characteristics, distinctive anti crisis policies, with diverse outcomes to it.
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