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This book is a collection of content that I saw during my undergraduate studies in Economics at the Federal University of Latin American Integration in Brazil, which helps to explain economic and political crises in underdeveloped regions. This material has been minimally organised and simplified and with it we will go through some of the historical factors that explain global instability in the 21st century and its effects on Latin America and South American regionalism. We'll see that the region's crises are directly related to its insertion into international capitalism, which has been expanding since the industrialised countries. It is worth emphasising that this is the amateur work of a novice in the applied social sciences. Criticism and advice are welcome. Happy reading!