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Farewell to 2019, will Latin America be okay in the new year

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2019 is about to pass. Looking back on Latin America and the Caribbean this year, political disputes, economic downturns and social unrest have become the key words, and riots have occurred in many countries in the second half of the year. In 2020, how to bridge social differences, maintain stability and tranquillity, and build a more fair and reasonable governance system will be the test faced by Latin American governments.

2019-difficult times in Latin America

In 2019, the Venezuelan opposition set up another "President" to seize power, Argentina suffered a "financial tsunami", the dispute between Peruvian courts intensified, and protests and riots in Ecuador, Chile, Bolivia, and Colombia have intensified, reflecting the intensified political struggle and governance of Latin American countries The deficit problem is highlighted. Analysts believe that there are three main reasons for this situation:

First, the economic downturn has exacerbated political and social unrest. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) recently released a report indicating that the growth of economies in Latin America and the Caribbean is expected to be only 0.1% in 2019, and 23 of the 33 countries have slowed down. Yuan Dongzhen, deputy director of the Institute of Latin American Studies of the Chinese Academy of Social Sciences, said that political and social turmoil in many Latin American countries are all economic problems. Economic downturns affect employment, income stability, and then social stability.

Secondly, Latin American countries fail to properly handle the relationship between economic growth and social fairness, and social conflicts that have been accumulated for a long time can easily be exploded by accident. Claudia Ess, a professor of political science at the Institute of Public Affairs of the University of Chile, believes that institutional and policy flaws in Latin American countries have exacerbated class and interest consolidation. ECLAC Executive Secretary Alicia Barsena said that in many Latin American countries with social unrest in 2019, most middle-income people are "highly vulnerable" and may return to poverty at any time due to unemployment, falling income or serious illness.

Third, external factors also have important effects on Latin American politics and social unrest. US intervention has exacerbated the political crisis in Venezuela and Bolivia, and the spillover of the crisis's effects has also negatively affected neighboring countries.

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