The process of widest impact was the economic transformation. By the end of 1982, much of North America, Western Europe, and East Asia launched into an economic boom at the very instant when Latin America plunged into an economic depression of great severity that lasted approximately to the end of the decade.
As a consequence of such economic collapse, nearly all Latin American governments readjusted their economic strategies. They departed from principal reliance on import-substitution industrialization, opened their economies to international trade and investment, and adopted policies to create more open-market-conforming economies. (Even Cuba had changed its economic strategy by the 1990s, making its economy more open to direct foreign investment and trade.)
Chapter 1 Autonomous Argentina: A History of U.S. - Argentine Relations
Chapter 2 The New International Order and The Transformation of U.S. - Argentine Relations
Chapter 3 The Making of Foreign Policy: Competing Models in the United States and Argentina
Chapter 4 Defining the Terms of Friendship: Issues in U.S. - Argentine Relations
Chapter 5 International Institutions and the Bilateral Relationship: An Accommodation with Limits
Chapter 6 Conclusion