Latin America and the World Economy

Larry Sjaastad

Chapter 17 in Foreign Investment, Debt and Economic Growth in Latin America, 1988, pp 205-209 from Palgrave Macmillan

Abstract: Abstract The economic boom that was shared by most Latin American countries in the late 1970s and 1980–81 has collapsed into a deep recession that is, in some countries such as Chile, reminiscent of the Great Depression. From 1980 to 1983, per capita output in Argentina and Venezuela fell 14 per cent; for Brazil the figure is 10 per cent and Mexico 8 per cent. The only Latin American countries of any significance whose per capita income has not fallen since 1980 are Colombia and Paraguay.

Keywords: Commercial Bank; Latin American Country; Real Interest Rate; Real Rate; Foreign Asset (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08311-4_17

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DOI: 10.1007/978-1-349-08311-4_17

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