Debt and Development Crises in Latin America
Stephany Griffith-Jones(Author)
Clarendon Press
Published on 1. May 1989
Book
Paperback/Softback
213 pages
978-0-19-828691-2 (ISBN)
Description
In the early 1980s widespread debt crises erupted simultaneously in most Latin American countries. The authors maintain that these debt and development crises have common origins and can only be successfully overcome by fundamental changes in the policies of developed countries, in the international financial system, in national development strategies and by radical rethinking of the debt problem. This study outlines the severity of the current crisis and provides an historical background. It focuses on the system of international financial intermediation and asks whether debtor developing countries can and will use their position to exert effective pressure for changes in the international financial system. These changes, it is hoped, will make it stronger, more stable, and more conducive to supporting the needs of developing countries. The political feasibility of alternative approaches is also discussed.
More details
Edition
New edition
Language
English
Place of publication
Oxford
United Kingdom
Publishing group
Oxford University Press
Target group
College/higher education
Professional and scholarly
Edition type
New edition
Illustrations
19 tables
ISBN-13
978-0-19-828691-2 (9780198286912)
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Schweitzer Classification
Persons
Content
Latin America's worst socioeconomic crisis since the Great Depression; the increasing limitations of the import substitution model towards 1970; the Bretton Woods international financial system - its contribution and its contradictions; financial flows to Latin America in the 1950s and 1960s; the privatization of the international financial system in the 1970s and its implications; the slow-down of growth in the industrial countries; causes and management of debt crises in the early 1980s; will the industrial countries' recovery solve the crises of debt and national development in Latin America?; the search for a new international financial system; towards reactivation and new development strategies.