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G-50 Timeline
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The G-50 holds its Fifth Annual Meeting. Featured commentators include chief scientist of Sun Microsystems John Gage and New York Times columnist Thomas Friedman, among others.
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The G-50 travels to Coral Gables, Florida for a three-day meeting on Family Enterprises in the 21st Century. General sessions are led by renowned expert Ivan Lansberg.
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Andres Pastrana narrowly defeats Horacio Serpa Uribe and becomes president of Colombia in June.
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Fernando Henrique Cardoso is re-elected to a second term in October as president of Brazil, winning an absolute majority in the first round.
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Hurricane Mitch, the fourth strongest Atlantic hurricane on record, creates a human and economic catastrophe in Central America in October. Blamed for more than ten thousand deaths, Mitch also causes more than $9 mil millones in damages.
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Former Chilean military dictator General Augusto Pinochet is arrested in London in October and accused of human rights violations.
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In an effort to prevent the collapse of Brazil's economy - weakened by the impact of the Asian and Russian financial crises - an IMF-backed $41.5 billion dollar emergency adjustment package is arranged in November.
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Puerto Rican voters participate in a non-binding plebiscite in December to try and decide on the political status and future of the island, with 50.3 percent voting to maintain the status quo.
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The Asian financial crisis hits Latin America and ECLAC cites 1998 as one of the most problematic years on record.
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