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Rise Of Hugo Chavez

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Rise Of Hugo Chavez
Latin America was sustaining a high level of development in the 1990s. Concurrent with this development, or maybe the reason behind it, was the higher volume of FDI into the region arguably fueled by more 'neoliberal' inspired incumbent governments. Towards the end of the 1990, Hugo Chavez came to power in Venezuela and, like dominoes chain reaction, one by one countries in Latin America started swerving left. Following Chavez in Venezuela, Lula and it's Worker's Party came to power in Brazil, Nestor Kirchner and Tabare Vasquez in Argentina and Uruguay respectively, Evo Morales in Bolivia and Manuel Lopes Obrador in Mexico, to name a few. During this rise of the left in Latin America, foreign investors became reticent of parking their funds
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