The International Monetary Fund (IMF) initiates comprehensive economic intervention in Thailand, marking the start of widespread structural adjustment policies across Southeast Asian economies. This intervention requires Thailand to implement strict austerity measures, deregulate financial markets, …
IMFWorld BankThai GovernmentThai Central BankMcKinsey & Companyasian-financial-crisisstructural-adjustmenteconomic-interventionneoliberalismimf-policy+1 more
The North American Free Trade Agreement officially takes effect on January 1, 1994, the same day that 3,000-4,000 indigenous campesinos of the EZLN (Zapatista Army of National Liberation) launch an armed uprising in Chiapas, Mexico, declaring NAFTA a “death sentence” for indigenous …
EZLN Zapatista ArmyMexican GovernmentIndigenous CampesinosBill ClintonMexican Farmersnaftazapatista-uprisingindigenous-rightsprivatizationtrade-policy+3 more
In the aftermath of the 1973 Chilean coup, the Chicago Boys, a group of economists trained by Milton Friedman at the University of Chicago, began implementing radical free-market economic reforms under Augusto Pinochet’s dictatorship. Their ‘shock therapy’ approach involved rapid …
Milton FriedmanArnold HarbergerAugusto PinochetThe Chicago BoysAmartya Seneconomic-shock-therapyneoliberalismchile-economic-policypsychological-manipulationinstitutional-capture