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The Origins of the Two Lefts in Latin America
RAÚL L. MADRID argues that liberal left parties in Latin America arose prior to the debt crisis of the 1980s and were profoundly shaped by the failure of state interventionist policies and the initial success of market-oriented reforms. The interventionist left parties, by contrast, typically emerged in the late 1990s and early 2000s, when the economies of the region had encountered problems and the support for market-oriented policies had diminished.

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