THE LATIN AMERICAN DEBT BURDEN: CONSEQUENCES FOR INTERNATIONAL ADJUSTMENT AND AGRICULTURAL TRADE

S. Elaine Grisgby and Emilio Pagoulatos

No 278399, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper attributes the origins of the Latin American external debt problem to the oil price and real interest rate increases and debtor country and international bank policies. Next, it briefly examines the implications of economic adjustments to service the debt. Finally, in order to facilitate research on the linkages between debt and agricultural trade, the paper suggests some factors to consider in modeling import behavior and international borrowing.

Keywords: International Development; International Relations/Trade (search for similar items in EconPapers)
Pages: 17
Date: 1986-07
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278399

DOI: 10.22004/ag.econ.278399

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