If the eighties were a lost decade for Latin America, today the region looks to the future with optimism and its economic growth is expected to be sustainable and equitable. Bearing in mind the above, in this work the causes and consequences of indebtedness are explained. Then, reference is made to the current reality and whether or not the debt problem has been solved. Finally, the fundamental issues to face the situation are listed: the current debt and its effects; the conditionality of multilateral institutions; compensation mechanisms against price variations, interest rates and external financing; international liquidity and, finally, how to tackle poverty.
Keywords:
Latin America, Debt Crisis, Economic Growth, Poverty, Underdevelopment
Author Biography
Ricardo Ffrench-Davis Muñoz, Instituto de Estudios Internacionales, Universidad de Chile
Asesor principal en política económica de la CEPAL. Profesor del Instituto de Estudios Internacionales de la Universidad de Chile y miembro del Comité Analítico de la Comisión Sudamericana de Paz.
Ffrench-Davis Muñoz, R. (1993). Los desafíos de la deuda externa y el desarrollo : a diez años del inicio de la crisis. Estudios Internacionales, 26(102), p. 155–164. https://doi.org/10.5354/0719-3769.1993.15402
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