Effects of the Current Global Economic System on LDCs: A Latin American Perspective

Patricio Meller

Chapter 10 in Global Development Fifty Years after Bretton Woods, 1997, pp 192-210 from Palgrave Macmillan

Abstract: Abstract Globalization has significantly increased the level of economic interdependence. Almost all countries are interested in increasing their connection to the world economy. Developing countries (LDCs) compete to attract multinationals’ investment; large capital movements in an environment of highly sophisticated information and transmission technology are generating a global financial market; macroeconomic policies of the developed countries have important effects on the evolution of the world economy, and therefore on LDCs. In this paper the ways in which the evolution of the global economic system affects Latin America will be reviewed.

Keywords: Latin American Country; Capital Mobility; Capital Inflow; Exchange Rate Volatility; Current Account Deficit (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25570-2_10

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DOI: 10.1007/978-1-349-25570-2_10

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