1. After falling continually throughout the 1970s, poverty increased dramatically in Latin America during the 1980s. ? [D]uring the 1990s, the distribution of Latin American income did not improve, though the persistent deterioration that characterized the late 1980s was arrested. ? [P]oorer income groups typically benefit disproportionately from economic recovery, just as they are disproportionately hurt by bad times?.But the relatively well-off groups of Latin American society appear to have benefited from the recovery of the 1990s more than the poorest classes;which favors market liberalization and generally tries to put a positive face on neoliberal structural adjustment, put it this way,1995
2. The relative gainers were not emerging market countries, of course, but rather private owners of capital. Dani Rodrik (1997) provides a resolutely moderate synthesis of the overall globalization debate;advanced industrial countries is also that financial globalization has limited public policy autonomy in their countries, shifting "power" abroad (see Underhill,1986