Development and External Debt in Latin America: Bases for a New Consensus. Edited by Richard E. Feinberg and Ricardo Ffrench-Davis. Notre Dame, Indiana: University of Notre Dame Press, 1988. 272p. $29.95 cloth, $16.95 paper. - Latin American Debt. By Pedro-Pablo Kuczynski. Baltimore: Johns Hopkins University Press, 1988. 272p. $32.50 cloth, $12.95 paper.

1990 ◽  
Vol 84 (1) ◽  
pp. 356-358
Author(s):  
Miles Kahler
Keyword(s):  
Latin America ◽  
Latin American ◽  
External Debt ◽  
Indiana University ◽  
Johns Hopkins University ◽  
University Of Notre Dame

Latin America and the World Economy: Some Observations on External Indebtedness and the International Monetary System

1978 ◽  
Vol 20 (3) ◽  
pp. 321-339
Author(s):  
Aldo Ferrer
Keyword(s):  
Latin America ◽  
Latin American ◽  
World Economy ◽  
International Monetary System ◽  
Import Substitution ◽  
External Debt ◽  
Economic Recession ◽  
Balance Of Payments ◽  
Adjustment Process ◽  
The World

Since 1973 most of the Latin American countries have experienced deterioration in their balance of payments due to the economic recession in the industrial countries and the oil price increases. The consequent adjustment process has called for stricter regulation of domestic demand and new advances in import substitution. Adjustment was less painful due to access to private financing in the international capital markets which, however, produced a sharp increase in the external debt.This article does not propose to review the recent patterns of external payments, already extensively analyzed in the periodic reports of the UN Economic Commission for Latin America, the International Monetary Fund, and in other studies. Rather, it will attempt to emphasize some long-term changes in the world economy and in Latin America that influence the international participation of the region. It is in this context that the adjustment process of the balance of payments and the external debt should be evaluated.

The Debt Cycle in Latin America

1985 ◽  
Vol 27 (4) ◽  
pp. 117-124 ◽  
Author(s):  
Robert Z. Aliber
Keyword(s):  
Latin America ◽  
Foreign Exchange ◽  
Latin American ◽  
External Debt ◽  
Economic Cost ◽  
Adjustment Process ◽  
Annual Increase ◽  
Exchange Value ◽  
Cash Inflow ◽  
Interest Payments

Changes in the volume of new loans issued by the developing countries in Latin America have had a significant impact on the foreign exchange value of their currencies, and on most of their domestic macroeconomic variables. During the 1972-82 decade, the annual increase in external debt of many of these countries exceeded the interest payments on this debt. The result was a net cash inflow derived from the sale of new loans abroad. Consequently, at the time, no real economic cost was associated with this increase in external debt. After 1982 this situation changed. The annual increase in external debt diminished to the point where it was less than the scheduled interest payments. At that point Latin American borrowers began to experience a net cash outflow on their debt account. Thus, in order to generate the foreign exchange needed to pay even part of these scheduled interest charges, the economy had to undergo a costly adjustment process.

scholarly journals Beyond Benedict Anderson: Nation-Building and Popular Democracy in Latin America

2005 ◽  
Vol 50 (3) ◽  
pp. 485-498 ◽  
Author(s):  
Michiel Baud
Keyword(s):  
Latin America ◽  
Latin American ◽  
Race And Ethnicity ◽  
Washington Dc ◽  
Latin American Studies ◽  
Woodrow Wilson ◽  
Cambridge University ◽  
The Andes ◽  
Johns Hopkins University ◽  
University Of Chicago Press

Beyond Imagined Communities. Reading and Writing the Nation in Nineteenth-Century Latin America. Ed. by Sara Castro-Klarén and John Charles Chasteen. Woodrow Wilson Center Press, Washington DC; Johns Hopkins University Press, Baltimore [etc.] 2003. 280 pp. $45.00. (Paper: $22.95.)Boyer, Christopher Robert. Becoming Campesinos. Politics, Identity, and Agrarian Struggle in Postrevolutionary Michoacán, 1920–1935. Stanford University Press, Stanford (Cal.) 2003. xii, 320 pp. Ill. £45.95.Forment, Carlos A. Democracy in Latin America, 1760–1900. Volume I, Civic Selfhood and Public Life in Mexico and Peru. [Morality and Society Series.] University of Chicago Press, Chicago [etc.] 2003. xxix, 454 pp. Maps. $35.00; £24.50.Larson, Brooke. Trials of Nation Making. Liberalism, Race, and Ethnicity in the Andes, 1810–1910. Cambridge University Press, Cambridge [etc.] 2004. xiii, 299 pp. Ill. Maps. $70.00; £45.00. (Paper: $24.99; £17.99.)Studies in the Formation of the National State in Latin America. Ed. by James Dunkerley. Institute of Latin American Studies, University of London, London, 2002. 298 pp. £14.95; € 20.00; $19.95.

Uncivil Movements: The Armed Right Wing and Democracy in Latin America By Leigh A. Payne. Baltimore, MD: Johns Hopkins University Press, 2000. 328p. $42.50.

2002 ◽  
Vol 96 (1) ◽  
pp. 245-246
Author(s):  
Martha Huggins
Keyword(s):  
Social Movements ◽  
Latin America ◽  
Political Violence ◽  
Latin American ◽  
Right Wing ◽  
Johns Hopkins University ◽  
Rule Breaking ◽  
Deliberate Strategy ◽  
Latin American Countries

Leigh Payne greatly enriches our knowledge of Latin American transitions from authoritarianism to democracy. The Armed Right Wing focuses on the role of violent right-wing groups and government responses to them in three Latin American countries, with application elsewhere. Explaining that uncivil social movements “use political violence … to promote exclusionary objectives … as a deliberate strategy to eliminate, intimidate, and silence political adversaries” (p. 1), Payne contrasts these movements with “civil” social movements. They employ rule-breaking (and violence) to “expand [rather than curtail] citizen rights and freedoms” (p. 1).

Migration vs. development? The case of poverty and inequality in Mexico

2012 ◽  
Vol 9 (1) ◽  
pp. 65-74 ◽  
Author(s):  
Agustín Escobar Latapi
Keyword(s):  
Latin America ◽  
International Migration ◽  
Latin American ◽  
Opportunity Cost ◽  
Inequality Index ◽  
Poverty And Inequality ◽  
And Migration

Although the migration – development nexus is widely recognized as a complex one, it is generally thought that there is a relationship between poverty and emigration, and that remittances lessen inequality. On the basis of Latin American and Mexican data, this chapter intends to show that for Mexico, the exchange of migrants for remittances is among the lowest in Latin America, that extreme poor Mexicans don't migrate although the moderately poor do, that remittances have a small, non-significant impact on the most widely used inequality index of all households and a very large one on the inequality index of remittance-receiving households, and finally that, to Mexican households, the opportunity cost of international migration is higher than remittance income. In summary, there is a relationship between poverty and migration (and vice versa), but this relationship is far from linear, and in some respects may be a perverse one for Mexico and for Mexican households.

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