Title: Pink tide - Wikipedia
Headings: Pink tide
Pink tide
Contents
Background
History
Rise of the left: 1990s and 2000s
Commodities boom and growth
End of commodity boom and decline: 2010s
Economy and social development
Political outcome
Resurgence
Term
Reception
Head of the states and governments
Presidents
Timeline
See also
References

Content: South America in particular initially saw a drop in inequality and a growth in its economy as a result of Chinese commodity trade. As the prices of commodities lowered into the 2010s, coupled with overspending with little savings by pink tide governments, policies became unsustainable and supporters became disenchanted, eventually leading to the rejection of leftist governments. Analysts state that such unsustainable policies were more apparent in Argentina, Brazil, Ecuador and Venezuela, who received Chinese funds without any oversight. As a result, some scholars have stated that the pink tide's rise and fall was "a byproduct of the commodity cycle's acceleration and decadence". Some pink tide governments, such as Bolivia, Ecuador, and Venezuela, allegedly ignored international sanctions against Iran, allowing the Iranian government access to funds bypassing sanctions as well as resources such as uranium for the Iranian nuclear program. End of commodity boom and decline: 2010s
The impeachment of Dilma Rousseff gave rise to the Conservative wave in late 2010s
Chávez, who was seen as having "dreams of continental domination", was determined to be a threat to his own people according to Michael Reid in American magazine, Foreign Affairs, with his influence reaching a peak in 2007. The interest in Chávez waned after his dependence on oil revenue led Venezuela into an economic crisis and as he grew increasingly authoritarian. The death of Chávez in 2013 left the most radical wing without a clear leader as Nicolás Maduro did not have the international influence of his predecessor. By the mid-2010s, Chinese investment in Latin America had also begun to decline, especially following the 2015–2016 Chinese stock market crash .