Latin America as emerged as a country characterized by political instability and uneven development. The increasing trend in political instability is motivated by instability in Brazil and Venezuela and sustained by the constant high levels of violence and crime in Central American states. In South America, Brazil, Colombia, and Venezuela were the least ranked countries in terms of conflict and political instability. In Venezuela, there was an increased risk of violent crime, demonstrations, and political instability since the economic crisis had deepened and the anti-governments reactions had risen. The research was conducted in 2015 which took into account the mass demonstrations that had rocked Venezuela for two consecutive months and led to the death of 40 individuals. In the regions, the neo-liberal systems of government had gone to deep crisis in the mid 2000s which provoked popular mayhem (Arciniegas 34). The result of these upheavals led to a new set of political configurations and social equations which developed into the latest post-neoliberal commands. The credit rating of the Latin American countries has been downgraded by the risk agencies. The unemployment and underemployment ratios linger around one fifth of the total labor force, figures which can be compared to the sluggish Third World nations. Societal agendas have been cut in the region resulting to a overturning decade of incremental achievements. The budget and trade shortages have become continual while the public and private lenders have become restrained in lending in a society characterized by recessionary tendencies (De Gregorio 60). Further, the region is marred by cases of drug war which leads to eroding of peace in the region. Instability results to underdevelopment which is evident in Latin America. The region is also characterized by social instability, political alienation, economic stagnation and corruption.
Works Cited
Arciniegas, German. "POLITICAL INSTABILITY IN LATIN AMERICA." Journal of International Affairs (1955): 33-36.
De Gregorio, José. "Economic growth in latin america." Journal of development economics 39.1 (1992): 59-84.
