Models of economic growth in Latin American countries: regional features and national peculiarities

The article attempts to give a look at the fundamental problems of economic development in Latin American countries through the prism of growth models existing in the region, as well as to present the author's vision of key economic relationships and the internal and external factors that shape them. At the same time, the author is aware that no model can claim to take into account all aspects, conditions and motives of trade, economic and financial activities, but their study helps to identify the most significant, core trends in the development of individual states and entire regions. And most importantly, considering the economy of Latin American countries within the framework of a particular growth model allows us to assess the specific nature, depth and prospects of the transformation processes taking place in the region more accurately. This task determined the composition of the article: firstly, a general description of the aggregated regional macrostructural model is given, then five country cases of the largest economic systems in Latin America – Argentina, Brazil, Colombia, Mexico and Chile – are provided.