A couple of countries have decided to resort to restrictions on their trade and this has also allowed companies to achieve economies of scale by creating a larger market. With ore production, products are cheaper resulting in economies of scale. There were also free trade agreements with Mexico, Canada and the United States in the North American Free Trade Agreement. They wanted to create the Free Trade Area of ​​the Americas, but some Latin American countries did not want to talk individually with the United States. They wanted to speak as a united front. They thought if they worked together they wouldn't get screwed by the US due to strength in numbers. Neoliberalism really came into its own in the 1990s, when the US realized that investing in Latin America was cheaper and made them more money. Due to the “peso effect” that occurred in Mexico, the economy took a hit and then had a negative impact on the rest of Latin America. One peso was equivalent to one U.S. dollar, so the peso money supply depended on how many dollars the currency board held, so the government couldn't print more to pay its deficits. The problem was that the outward flow of dollars would reduce the money supply and the government would not be able to pay its budget deficits since it could no longer print money. In 1994, the Mexican government decreased the value of the peso. Because of this, they lost a