Part 6/10:
This loss is not merely a reflection of individual struggles but also represents a systemic issue stemming from poor management by upper-tier corporations during the crisis. It speaks to the larger narrative that the youth of the 1990s were poised to take on the world, only to have those hopes extinguished due to the consequences of an economic disaster spawned largely from the mismanagement by powerful entities.
Echoes of Economic Struggles Today
Fast forward to the present, and history appears to be repeating itself. The COVID-19 pandemic has disproportionately affected young people, reminiscent of the fallout from the 1998 crisis. Unemployment rates soared as businesses shuttered, particularly small enterprises that had survived the IMF crisis.