Huseyin Kalyoncu et al. • Devaluation and trade balance in Latin American countries Zb. rad. Ekon. fak. Rij. • 2009 • vol. 27 • sv. 1 • 115-128 115 Preliminary communication UDC 339.56(8) : 339.15.054.23 Devaluation and trade balance in Latin American countries* Huseyin Kalyoncu1‚ Ilhan Ozturk2‚ Seyfettin Artan3‚ Kahraman Kalyoncu4 Abstract The aim of this paper is to examine effectiveness of devaluation on the trade balance in four countries: Argentina‚ Brazil‚ Mexico and Peru. We use
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After WWII all of Latin America had gained its independence form their colonizers and were steadily trying to build their countries up socially and economically in the world. Many had advanced in addressing the social disparities and discriminations towards their citizens at some level however‚ the change was minimal with the countries still favoring the private/elite sector. The latter had a lot to do with the external powers that were coming into Latin America at this time. With the US’s rise in
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The Cold War and U.S. Diplomacy The Cold War was the dominant conflict of the Twentieth Century. More than any other event‚ it defined the roles that virtually all nations played for almost 50 years. It was a truly World- Wide War‚ a content between two rival superpowers between the U.S. and the Soviet Union which for many years held the entire planet hostage to the threat of nuclear annihilation. By the time it was over‚ its players had spent the staggering sum of $15 Trillion (Windle‚ 2011).
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The Cold War‚ one of the most scariest times in America’s‚ or even the world’s history. The threat of nuclear war was real‚ very real. At any moment America or the U.S.S.R. could destroy the entire world with their assault of nuclear weapons‚ just at a call and a click of a button. This is one of many important times in history‚ and still affects us today. Not only did the North Atlantic Treaty Operation come from the tensions‚ but the bay of pigs‚ the cuban missile crisis‚ the berlin wall (the construction
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Roots of the Cold War I. Growing Distrust 1. FDR‚ Churchill and Stalin met at a Soviet Union resort called Yalta. Stalin promised that he would hold free elections in parts of Eastern Europe under his control. 2. Instead‚ Stalin set of Communist governments in the nations. He wanted a ring of friendly countries to protect the Soviet Union’s southern border. With this‚ Stalin hoped that the Soviet Union would become the world’s dominant power. 3. By 1948‚ most of the countries in Eastern
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Coming out of a post-World War II the relationship and tensions between America and the Soviet Union lasted for most of the second half of the twentieth century. This so-called war‚ heightened suspicions‚ creating a series of international events that brought the world’s two superpowers down to the brink of destruction. The Cold War was around a decade long struggle for the United States and the Soviet Union. The cause of this war was to stop anymore communism‚ or so that was the party line from
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Colonization of Latin America and North America When Christopher Columbus led a Spanish expedition in 1492 to India‚ he came across a land that would change the world forever. This region was called the Americas‚ a land the Spanish‚ Portuguese‚ French and English saw as their own to change and rule. However‚ the two regions‚ Latin America and North America saw two vastly different yet similar colonization processes from the Europeans in their social‚ political and economic systems
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After the Second World War‚ the USA and USSR became two Super Powers. One nation tried to reduce the power of other. Indirectly the competition between the Super Powers led to the Cold War. Then America took the leadership of all the Capitalist Countries. Soviet Russia took the leadership of all the Communist Countries. As a result of which both stood as rivals to each other. Definition of the Cold War: In the graphic language of Hartman‚ “Cold War is a state of tension between countries in which
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Vienna‚ revolts plagued many European countries as well as several areas in Latin America. France was driven from Haiti‚ Portugal lost control of Brazil‚ and Spain was forced to withdraw from all its American empire except for Cuba and Puerto Rico. Colonial government in South America came to an end. Three countries where revolts were successfully established were Haiti‚ Venezuela‚ and Brazil. The countries in Latin America benefited from the revolts because they became free from colonial rule‚ but
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Origin of Cold War [Jaepil Lee] [0615-9127] [Feb 13th‚ 2013] [Scott Rutherford] The Cold War distinguished from hot war not including the actual warfare had been global phenomenon after World War Second. The origin of Cold War after 1945 two most powerful countries‚ United States and Soviet Union advocating capitalism and communism essentially reveal the ideological conflicts and with military blockage disclose the positional welfare in a political‚ economic and military area. The origin
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