What has happened in Latin America as a result of globalization. Well, they have had now more than a decade of what is called reform, a decade of globalization. And throughout the continent, people are asking questions like has reform failed us? Has globalization failed us? Because clearly things have not worked out the way they were told they ought to. Just to give you a picture, they were told that reform would lead to faster economic growth after a decade. What are the numbers? In fact, recent growth is far slower than it was in the 50s, 60's and 70's before reform. That is not a very inspiring success story. Even in the beginning part of the 90's, growth was still below what it was in the 50s, 60s and 70's. But the growth it got in the beginning of the period was not sustainable and it was not sustained throughout the region. Poverty, as measured on the $2 a day standard as a percentage of the population, was actually up.