In the 1980s and 90s, liberal economic reforms in Africa and Latin America were supposed to help decrease poverty and increase growth. However, up to 1998, research showed the impact of these reforms was not promising. But patience is a virtue for a reason. Now we can all see what these reforms can do for developing countries.
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Former Secretary of State George P. Shultz speaks with former Stanford University Hoover Institution research fellow Robert Conquest in this 2006 discussion. As they talk, the two take an intimate look at U.S. relations with the Soviet Union during the Reagan era while sharing stories from the past in today's episode of the Free To Choose® Media Podcast.
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