What is Neo-Extractivism?

What is Neo-Extractivism?

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Since the mid-nineties, Latin American countries have intensified the extraction of raw materials, thus increasing exports, demand grows in traditional industrialized countries and especially in China, this drives up prices. With the additional income they finance development and social programs. This economic model is called neo extractivism. A model in which more people have access to education and improvements in the health system are observed, the rates of extreme poverty in the affected countries decreased by 50%, thus far a success story.

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