Abstract

The purpose of this article is to assess the performance of Latin American
economies in the 1990s, until the Mexico crisis of December 1994. The assessment focuses
on the problem of the sustainability of the macroeconomic trends observed in the present
decade and some long-term characteristics implicit in performance growth. Two main
conclusions of the article are that, after the crisis in Mexico – a country that until then had
had a positive influence on attracting capital -, analyzes of the region’s economies came to
understand that the ongoing modernization process was not immune to crises , and that,
given the revision in the country risk indicators, future capital inflows will not be similar, in
quantity and type, to those of the early 90s, putting investment decisions in the region in
permanent change.

JEL Classification: G01; O40.