Money Matters: An IMF Exhibit -- The Importance of Global Cooperation

Globalization and Integration (1989-1999)

Part 3 of 8


Conflict &
(1871 - 1944)

Destruction &
(1945 - 1958)
The System
In Crisis

(1959 - 1971)
the System
(1972 - 1981)
Debt &
(1981 - 1989)
Globalization and Integration
(1989 - 1999)

Recovery From Debt

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The debt crisis seemed to be over, as most Latin American economies grew themselves out of debt in the 1990s.

In 1994, however, Mexico devalued the peso and had to work out another adjustment program with the IMF. In 1998, Brazil was shaken by a loss of investor confidence. Flight from the Brazilian real began. Prompt action by the IMF and other international lenders in cooperation with Brazil’s government, helped stabilize the economy. In a globalized economy, no major country could be allowed to fail.

Buenos Aires, Argentina


Transition to the Free Market Collapse of the Soviet Union Recovery From Debt Progress in Africa
Asia in the 1990s European Economic Unity The New Millennium Looking to the Future

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