Latin America’s Seven Mortal Sins: Myth, Reality and Consequences

The heavy investments of important Spanish companies in Latin America in recent years have significantly increased Spain’s concern with the region’s macroeconomic developments. Unfortunately, most analyses of the region’s complex social and economic realities have unrealistically attempted to offer a brief yet conclusive evaluation of Latin America in its entirety, feeding one or another preconceived generalization, depending on the political agenda of the author in question. Indeed, either “Latin America is the region of the future” or it is a place that will continue to be so for a long time to come.