chapter  1
5 Pages

Introduction

The debt problems of developing countries (and particularly those of Latin America) have since mid-1982 become the focus of worldwide concern. In fact, it would be fair to say that the problems of developing countries, and of Latin America in particular, never before aroused such an interest in industrial countries. A slightly cynical observer might conclude that the concern expressed in industrial countries, therefore, is not basically about the impact which debt and fmancial problems may have on the plight of developing countries, but is based mainly on the fear that debt problems in the Third World will have severe disruptive effects on the industrial countries' economies.