Changes in the international financial markets implied new conditions for the financing of Latin American foreign debt. The dollarization of the economies acquired new importance, intensely affecting the monetary sovereignty of some countries. As a result, new economic policies were instituted...

After the sequence of structural adjustments decisions suggested by the IMF, Brazilian economy became wider opened, as the consequences from financial globalization were stronger than those from commercial globalization. Nevertheless, social and economical reality didn’t show much improvement....