History of the Americas: Difference between revisions

 

[[Debt of developing countries|International indebtedness]] became a notable problem, as most recently illustrated by [[Argentina]]'s [[1998–2002 Argentine great depression|default]] in the early 21st century. In recent years, South American governments have drifted to the left, with [[Socialism|socialist]] leaders being elected in Chile, [[Bolivia]], Brazil, [[Venezuela]], and a leftist president in Argentina and [[Uruguay]]. Despite the move to the left, South America is still largely capitalist. With the founding of the [[Union of South American Nations]], South America has started down the road of economic integration, with plans for political integration in the [[European Union]] style.

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