Confining Conditions‪.‬

Abstract: The domino effect seems to aptly describe the volatile economic situations - and subsequent political uncertainty - that have ravaged developing countries around the world since the middle of the 1990s. An economic crisis in one country invariably manages to knock over some of its neighbors. Latin American countries continue to make up a list of critically ill economies in the 1990s. To make matters worse, the checkered economic performance of Latin America is taking place at a time when many observers had predicted the region would be basking in the light of free-market reforms implemented earlier in the decade. The region's path toward institutionalization will be bumpy and marked with setbacks.