The bottom line is how can we transit from a vicious cycle in expectations to a virtuous one. For decades, Latin America suffered from recurring financial crises that brought about hovering economic, political and, above all, social costs. These recurring crises have proven to be devastating for affected nations.
Recurrence undermines the hopes of generations, causing discouragement and, if the basic solutions are postponed or applied only partially, the end result is a downward spiral of mistrust and confusion. A hesitant attitude increases the costs related to adjustment, often exponentially.