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The East European debt crisis in the Latin American mirror

Published online by Cambridge University Press:  22 May 2009

Albert Fishlow
Albert Fishlow
Affiliation:
Professor of Economics at the University of California, Berkeley.
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Extract

In these brief remarks addressed to the Latin American response to changing international conditions in the 1970s and 1980s, I shall focus on three issues: the relationship between the choice of debt as a policy instrument and state “structure,” at least as loosely denned; the special problems posed by the debt option that most Latin American countries pursue; and the characteristics of enforced domestic adjustment to the absence of capital inflows beginning in 1982.

Type
4. Responding to International Economic Change outside the CMEA
Information
International Organization , Volume 40 , Issue 2 , Spring 1986 , pp. 567 - 575
Copyright
Copyright © The IO Foundation 1986

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References

1. Some of these points are treated more extensively in two papers: “Revisiting the Great Debt Crisis of 1982,” in Kim, K. and Ruccio, D., eds., Debt and Development in Latin America (Notre Dame: Notre Dame University Press, 1985)Google Scholar, and “Latin American Adjustment to the Oil Shocks of 1973 and 1979,” in Hartlyn, J. and Morley, S., eds., Latin American Political Economy: Financial Crisis and Political Change (Boulder: Westview, forthcoming)Google Scholar.