economic crisis of the 1980s

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:economic_crisis
gptkbp:affectedArea	gptkb:Argentina gptkb:Bolivia gptkb:Brazil gptkb:Chile gptkb:Ecuador gptkb:Mexico gptkb:Nigeria gptkb:Peru gptkb:Philippines gptkb:Uruguay gptkb:Venezuela
gptkbp:alsoKnownAs	gptkb:Latin_American_debt_crisis
gptkbp:cause	global recession oil price shocks decline in commodity prices rising interest rates high external debt
gptkbp:consequence	gptkb:structural_adjustment_programs gptkb:lost_decade_in_Latin_America high unemployment hyperinflation social unrest austerity measures increase in poverty reduction in public spending
gptkbp:endDate	1989
gptkbp:location	gptkb:Africa gptkb:Asia gptkb:Europe gptkb:Latin_America gptkb:United_States
gptkbp:notableEvent	gptkb:Baker_Plan gptkb:Brady_Plan IMF and World Bank intervention Mexico defaulted on debt in 1982
gptkbp:relatedTo	gptkb:International_Monetary_Fund gptkb:World_Bank gptkb:Washington_Consensus gptkb:sovereign_default stagflation sovereign debt debt restructuring neoliberal reforms petrodollar recycling
gptkbp:startDate	1980
gptkbp:bfsParent	gptkb:Poland_(after_World_War_II) gptkb:Polish_communist_authorities
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	economic crisis of the 1980s