Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

External debt, debt repayment, economic and social development, economic recession, Latin America - trends, development planning, monetary transfer to developed countries, terms of aid, international monetary system, international monetary reform, aid financing, self reliance, import substitution. Bibliography, statistical tables.

Development theory in the past decade has met with increasingly heavy criticism. Dependency theories, as well as modes of production and world-system approaches, have come to be considered as internally inconsistent and inadequate for explaining the increasing diversity and unevenness of the Third World. This book confronts the theoretical impasse which many feel has been reached. Development scholars from various disciplines review recent changes in research priorities, procedures and orientations, and detect the emergence of new and diverse lines of theoretical development in the field. In particular, they deal with the important meta-theoretical, political, cultural and ethical questions that have come to the fore.

Provides the basic economic tools for students to understand the problems in the countries of Latin America. This third edition analyzes challenges to the neoliberal model of development and highlights macroeconomic changes in the region. It explores the contradictions of growth, and focuses on factors of competitiveness.

Thoroughly revised and updated, this foundational text provides the basic economic tools for students to understand the problems facing the countries of Latin America. In the fourth edition, Patrice Franko analyzes challenges to the neoliberal model of development and highlights recent macroeconomic changes in the region. Including charts and tables with the most current data available, the book also offers a wealth of new boxed discussions and vignettes.

When the 2008 housing market bubble burst in the US, a financial crisis rippled from the epi-centre across borders into economies both near and far, causing persistent social and economic detriment in many countries. This book is an examination of the impacts and responses through the lens of three countries: Mexico, Brazil, and Argentina.

The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.