The vicissitudes of the Latin American external debt seem endless. Despite the various policy approaches tried over the years, the essential problem remains unabated - namely that financing the debts' burden effectively impairs the developmental efforts of the region. The authors argue that the point to be noted is the gradual change in emphasis, from a piecemeal analysis of the problem and a narrow focus on honoring payments, to an open recognition of the tremendous impact of the debt on the economic development and well-being of the area. The concern is not now exclusively centred on maintaining the integrity of the international financial system and restoring the soundness of worried banking institutions. Counter-balancing forces have come into play, readjusting our perception and changing the participants' perspective of the regional debt of Latin America.
- ISBN10 0333540522
- ISBN13 9780333540527
- Publish Date 8 November 1991
- Publish Status Out of Print
- Out of Print 9 June 1994
- Publish Country GB
- Imprint Palgrave Macmillan
- Format Hardcover
- Pages 210
- Language English