South of the Border Interview: Venice Film Festival 2009

The transcript discusses the failure of capitalism in Latin America, particularly after Reagan's era and the implementation of neoliberal policies known as the Washington Consensus. These policies led to increased poverty and dissatisfaction among the people. Countries like Ecuador, Bolivia, and Venezuela resisted these changes, while Brazil and Argentina continue to face challenges. The IMF's influence remains strong, with recent European investments potentially luring countries back to neoliberal practices. The future of capitalism in the region remains uncertain.

What was one of the main consequences of the neoliberal policies in Latin America during Reagan's era?

• Increased economic prosperity

• Decreased poverty levels

• Increased poverty and dissatisfaction

• Strengthened local industries

Which countries are mentioned as having stood up against the privatization of resources?

• Argentina and Uruguay

• Peru and Colombia

• Mexico and Chile

• Ecuador and Bolivia

What is a significant challenge for Brazil in terms of economic policy?

• Weak central banks

• High inflation rates

• Lack of natural resources

• Strong IMF elements

Who are the leaders mentioned as having led a major turnaround in Latin America?

• Fujimori and García

• Chávez and Kirchner

• Bachelet and Piñera

• Lula and Morales

What role does the IMF play in the current economic landscape of Latin America?

• It is making a comeback with European support

• It has completely withdrawn from the region

• It is reducing its influence

• It is focusing on Asian markets