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- sign of neolibss triumph in LA came in Chile, after coup of 73' brought military regime to power
- state seen as part of problem due to its price distortion and market control
- Chile under pinochet implemented almost full neolib programme, colombia gov pursued cautious deregulation
- Washington consensus, LA gov signed up for econ reforms during 82' 90'
-extraction of wealth from LA in 80' left hole in econ, investment collapse
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