The twists and turns of the decade have left their mark on the ecocultural background of Latin America. Down from strains to changes and reforms the economic setup has let a memorable picture of progress. A lot has gone by over the years with change making an impression on the cultural value of the economic heritage. Undeniably the economy is a relevant and pertinent beacon for culture enthusiasts.
The last few decades have seen the various trading blocs make attempts at harmonizing the competition from the great internal markets with the lesser external markets. It is during this period that organizations such as the Latin American integration association have been formed in attempts at providing a central source of control. This has been motivated by growth and expansion in population and consequent demand attracting more interest to cities and towns which are considered the hub of culture.
Towards the end of the 19th century the debate for and against harmonization has come to the attention of both economic and cultural scientists who have resolved to give socialism and communism in an attempt at sticking a compromise. Questions of economic gaps also continue to claim the greater share of attention with the gap between the haves and have-nots widening by the day.
The question of blending the traditional and more generous culture into the al too capitalist setup has created an even greater platform for the entertainment of socialist and communist ideas that continuously provide solutions to cultural deficiencies brought about by modernization.
The historical pretext and antecedent is rather impressive contrary to general opinion. A common denominator in all indigenous population was their affinity to commerce and economics in the strict since of trade. Clearly every regional segmentation bears a connection to this cultural artifact in one way or another (Smith 2005).
The term Latin America was developed to represent the differences in ethnicity culture size and population of the regional divide as well as the shared colonial experiences that made a great impact on the economic pace of the region in the late eighteenth and mid seventeenth century.
Countries and states made a break for identity in the economic realm by aggression and a heightened appetite for modernization that saw traditional rural setup gradually give way for modern industrialization. The shift from mass media to the modern day multimedia played an even greater role on characterizing the ideological and social rebirth of the region as a whole.
Families no longer took turns to harvest each other crop or assist each other transport their produce to the market. The interpersonal gap grew even bigger especially after the world wars that spread a shiver and fever of suspicion in that spilled on into the cold war and post cold war 19th century (Appelbaum et al. 2006).
According though the structuralisms and dependentista scholars Latin Americas economy has survived two main regimes. The first embraced the concept of externally dependent economy based on the premise that Latin Americas dependency on the external world would promote growth if regulated by a powerful state(Bethell 2008).Gradually the approach was found to fail substantially and was found only to be viable as far as the colonial days was concerned.
This subsequent failure led to the second totally different literal regime based on the contemporary thinking of the new world. Latin America was no longer on its needs and it did not need to be nursed by a powerful state. The time had come to let her crawl on her own. This motivated their capitalist ideas into supporting the local market over and above external aid and assistance. This marked the beginning of the long struggle to the current day economic status (Mignolo 2005).
Little by little the present generation is picking up the progressive state. The dream that never was of making Latin America among the most developed country still thrives in the culture and practice of its people. It remains in the teachings and stories as well as traces of books and journals that have been left to keep a record of the progress the coming generations have made.
Economics as a cultural artifact has a long and rather impressive story that has often been ignored and belittled by many. Every society’s cultural heritage is pegged to the level of trade and exchange and Latin America is of no exception. The society continues to adapt by mounting leadership from within the ambit of indigenous societies with the object of searching for more creative ways of meeting the challenges that are brought by the century.
The future lies not far off since the social political environment is positively aggressive and competitive (Smith 2005). This means that the coming generations will need to adjust their strategies to meet the demands of the contemporary market. Such changes would include letting loose the conservatist cultural approaches and cutting some slack for the modernist movement. Most of all governments need to embrace the tradition of change and facilitate this progression.
Appelbaum, et al. (2006). Race and Nation in Modern Latin America. Chapel Hill: University of North Carolina Press, 87-107.
Bethell, L. (2008).The Cambridge History of Latin America.Cambridge: Cambridge University Press.
Mignolo, W. (2005). The Idea of Latin America. Oxford: Wiley-Blackwell. pp. 77–80
Smith, P. (2005). Modern Latin America (6 Ed.). Oxford and New York: Oxford University Press.