The Latin American Debt

Despite the various policy approaches tried over the years, the essential problem of the Latin American debt remains unabated - that financing the debts' burden impairs the developmental efforts of the region. This book argues that emphasis should be made towards a recognition of debt impact.

Inhalt
Part 1 General issues of Latin America - debt, foreign investment and economic development: the external debt and the economic development of Latin America, A. Jorge and J. Salazar-Carrillo; new direction of foreign investment in developing countries, F. Pazos; reflections on the macro-economy of Latin American development, G. Ranis and F. Altshul; Latin America - the revival of growth and the world bank, C.N. Quijano. Part 2 Issues of Latin American debt relief - proposals and controversies: real alternatives for handling the Latin American debt problem, P.A. Palma; Latin American debt-equity swaps, A.M. Parhizgari; credit securitization and developing countries' debt, W.O. Bascom; how to assess the market value of developing country loans - the case of Latin America, M. Lasaga; external debt, unilateral transfers and kleptocracy in Latin America, M. Mamalakis. Part 3 Issues of Central America and the Dominican Republic - debt, economic policy and the new political order: recent developments in the Central American debt crisis, R. Moncarz; economic policy in the Dominican Republic since 1966, D. Worrell; new perspectives for modernization in Central America, G. Irwin.