Abstract
The crisis caused by the Covid-19 pandemic is certainly one of the worst in recent Latin American history. Forecasts for 2020 show a drop in the exports sector of approximately 23%, and a 9% reduct ...
Highlights
The crisis caused by the Covid-19 pandemic is certainly one of the worst in recent Latin American history
In more recent times we had the so-called Spanish flu pandemic, from 1918 to the early 1920s, which is an interesting case to compare with the current situation
An important similarity between the Spanish flu and Covid-19 is how they uncovered the flaws of states with an inadequate health sector, as well as strong geographic and social asymmetries within states all over the world and between Latin American states (Carbonetti, 2010, p. 171)
Summary
The crisis caused by the Covid-19 pandemic is certainly one of the worst in recent Latin American history. By the early twentieth century, the region was heavily affected by World War I and the limitations of the external sector for economies heavily dependent on the export of commodities to Europe and the United States.
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