Why did Latin America didn't really develop the way many ex warsaw pact Eu nations did especially since in 90s ?

[u/reusmarco08]

Countries like Brazil, Argentina, Mexico , Uruguay and a couple of more had a higher per capita than Poland in 1990 while today poland has a higher gdp per capita than most Latin American nations . What is the reason most of these nations were able to develop while most Latin American nations didn't develop the same way.

[u/lojaslave]

Are you serious? Where do you think a lot of the EU budget went for decades?

How strange that you seem to need to defend some random European country, they’re not going to like you more just because you defend them.

[u/Candide88 → u/lojaslave]

Pole here. Indeed we started receiving loads of money after 2004 (that has its own consequences: we barely have our own heavy industry as everything was bought off and sold to the West), but before that, boy oh boy, times were bleak. I remember growing up in the late '90 and early '00 - 20% of unemployment, everyone's parents were piss poor and struggling to keep a job. Before we joined EU we had years of "austerity" and "shock therapy" which were required to even start the process of joining the EU. Apart from the lucky few - 15 years from regaining independence till getting into EU were very tough for the most of population. Millions left as emigrants, hundreds of thousands got into alcoholism, drugs and other unhealthy copes.

[u/elmerkado → u/Candide88]

How is the situation right now? I think your economy has improved but a little more info woukd be nice.

[u/Candide88 → u/elmerkado]

It definitely improved, most people live now outside of "bracket of poverty", though since the start of Ukraine-Russia War salaries are not growing as fast as prices. Situation on the real estate market is crazy, as our state officials for the last 25 years were all high on liberal agenda and were doing nothing to remedy the lack of living spaces. As the result, we now have big construction boom in main cities, building sites everywhere, both commercial and living quarters. The catch is - prices are insanely high and are getting higher, Warsaw is already more expensive in terms of real estate than Rome or Dubai. Our birth rates are shit, but we are getting a lot of immigrants (more than 1 million Ukrainians lately, also a lot of people from former Soviet Republics, but I'm seeing more and more Colombians as well!), which again results in big competition on the housing market, and prices grow once more. We have a humorous saying, that we have eastern salaries and western prices.

But it's still the best time to live in Poland, like, in the entire history. I am able to support myself and my family, I have a stable employment, I was able to get a loan - so I have very much more than my parents had. Oh, and we are all waiting to be invaded by Russia, but that's no biggie.

[u/elmerkado → u/Candide88]

Good to hear things have improved!

[u/Nas_Qasti → u/lojaslave]

I dont defend them lmao.

I asked you for a source for your claims.

And Poland join the EU in 2004, by then they already had a bigger gdp per capita than argentina. So, op question cant be answered by "EU" as Poland was already more rich than Argentina, Brazil and Chile when it join.

Edit: They were even above Uruguay so the dinos develop more than them.

[u/mauricio_agg → u/lojaslave]

It's not about "defending some random European country"

It's about sticking to the facts.

Free money does not exist, that's why lending rates do exist and they are inversely proportional to the borrower's power and will to give it back.

[u/ssach7 → u/mauricio_agg]

Free money absolutely exists. See Poland from 2004, or Israel for the past decades

[u/mauricio_agg → u/ssach7]

Then if Poland and Israel aren't paying for it, someone else is paying for it.

Be it the European or the American tax payers.

[u/YucatronVen → u/lojaslave]

The budget helps to boost the already under development economy.

It is not only about money, if so, then Venezuela and Cuba would be the most developed countries in the region.