Latin American debt in the 1990s : lessons from the past and forecasts for the future

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Latin American debt in the 1990s : lessons from the past and forecasts for the future

edited by Scott B. MacDonald, Jane Hughes, and Uwe Bott ; foreword by Norman Bailey

Praeger, 1991

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Includes bibliographical references and index

Description and Table of Contents

Description

This book examines the interrelationship between the external debt problem and the consolidation of democracy in Latin America in the 1990s. It considers the interplay of actors, including creditor governments, international financial institutions, debtor countries, commercial banks, and multinational corporations, and environment in the new decade, focusing on whether or not Latin America's political regimes can strengthen and democratize their respective economies while continuing to guarantee the country's democratic politics. The foreign debt problem casts an especially long shadow on the Latin American democracies. While important in its own right, understanding the Latin American experience is also essential in light of changes in Eastern Europe. Despite many obvious cultural differences and historical experiences, there are many parellels between the two regions--democratization at a time of economic crisis and of heavy external debt. This important new book underscores the lessons of the Latin American experience, making it essential reading for anyone concerned with the global economy.

Table of Contents

Foreword by Norman Bailey Latin America in the 1990s: Democracy in Debt Actors in the Latin American Debt Crisis I: The Creditor Governments Actors in the Latin American Debt Crisis II: International Financial Organizations Actors in the Latin American Debt Crisis III: The Domestic Actors Actors in the Latin American Debt Crisis IV: The Commercial Banks Social Conditions in Latin America Regulatory Aspects of the Latin American Debt Crisis: Giving Up Laissez-Faire Global Environment in the 1990s and the Prospects for Latin America A Comparative View of Latin America and South Korea, Turkey, and Morocco Selected Bibliography Index

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