In past 25 years a set on economic policies referred to as "Neoliberalism" have spread around nations making the wealthy wealthier and poor even more poor. Neoliberalism is a mechanism for investments and global trading. It was originated in the 1960s but not until the 1980s was it that neoliberalism gained prominence. Its origins come from classical liberalism but it has a greater focus on economic growth and free markets.
In the 1980s Latin American countries had a rough time paying off the debt they owe to other countries, because of the high oil prices and the money they borrowed from other countries.
