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Jorge Salazar-Carrillo

A chapter in World Trade: Monetary Order and Latin America, 1990, pp 149-153 from Palgrave Macmillan

Abstract: Abstract Consideration of the problem of the external (which perhaps should be called the eternal) debt of Latin America is our central focus. These comments will deal with four important elements. First, I will consider how the debt problem came to be, and the way in which it evolved into its present circumstances. Second, I will address the reasons why the developed countries should worry about it. After all, why not allow the Latin Americans to stew in their own juices? From some standpoints, they have been irresponsible in the handling of foreign debt. Third, it is necessary to examine what Latin America is doing to handle its debt burden, and its implication for the performance of the Latin American economy. Fourth, some possible solutions to the defusing of the remaining debt bombs, those which have not exploded yet, will be examined. We will show that as long as there is no chain reaction in the arsenal, the eternity of the problem should arouse interest, but not deep worry.

Keywords: Gross Domestic Product; Debt Crisis; Current Account Deficit; Gross National Product; Pacific Basin (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08812-6_11

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DOI: 10.1007/978-1-349-08812-6_11

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