Table of Contents

Contributors; Preface; 1. The political setting: 'business as usual' or a new departure? David Stephen; Part I. The Global Perspective: 2. Latin America's financial crisis: causes and cures Jonathan Hakim; 3. A comparison of macroeconomic strategies in South America John Williamson; 4. Latin American and east Asian NICs: development strategies compared Gustav Ranis and Louise Orrock; Part II. Case Studies: 5. Brazil's foreign debt: the national debate Julian M. Chacel; 6. Mexico: learning to live with the crisis George Philip; 7. The rise and fall of the Chilean economic miracle Tim Congdon; 8. Venezuela: the oil boom and the debt crisis Ramón Escovar Salom; 9. World recession and Central American depression: lessons from the 1930s for the 1980s Victor Bulmer-Thomas; 10. Conclusion Esperanza Durán; Index.

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Examination of the causes that led many Latin American countries to contract debts and the effect of world recession on their ability to pay.