Practice 2　　The news couldn’t be worse. Three years of recession or anemic economic growth, Argentina’s debt default and collapse and—more recently—Bolivia’s president run out of office by indigenous people fed up with his pro-business, pro-Washington agenda. Taken together, these trials have seemingly erased the promise of prosperity that wafted across the region a decade ago. Now there’s the specter of a return to the dark days of the 1970s and 80s when economic and political chaos were the norm. Social eruptions have prompted a wide-ranging and contentious reappraisal of the economic orthodoxy—the neoliberal model that has shaped policy in Latin America for the past 15 years. Market-oriented structural reforms have succeeded in a few crucial ways: they ended the ruinous era of hyperinflation, and inculcated a sense of fiscal responsibility among profligate governments. But belt-tightening has not led to the robust economic performance promised when reforms began. After enjoying encouraging GDP expansion in the early and mid-1990s, Latin America has stumbled through about five years of economic stagnation that have left the region’s have-nots in a surly mood. Latin America desperately wants increased access to markets in the United States and Europe, but the region doesn’t want to pursue trade deals on what it perceives to be unfair terms. (Newsweek)