At the end of World War II, several Latin American countries seemed to be ready for industrialization and self-sustaining economic growth. Instead, they found that they had exchanged old forms of political and economic dependence for a new kind of dependency on the international capitalism of multin[...]
Fernando Henrique Cardoso received a phone call in the middle of the night asking him to be the new Finance Minister of Brazil. As he put the phone down and stared into the darkness of his hotel room, he feared he'd been handed a political death sentence. The year was 1993, and he would be responsi[...]