ABSTRACT
This reissue, initially published in 1984, examines the evolution of international financial flows to Latin America since 1945, along with their implications for National Development . The book describes how, in each of the first three decades since the war, a new agency emerged (foreign investors in the 1950s, official aid agencies in the 1960s and multinational banks in the 1970s) which was willing to play a dynamic role in generating new financial flows to the region. The lack of such an agent in the 1980s, combined with a reluctance on the part of former investors to maintain their level of assistance culminated in an economic debt crisis in Latin America which this work seeks to address, asking the crucial question: what measures should be taken – both nationally and internationally – to deal with this critical issue , in a way that will both encourage Latin American Development and avoid a major international financial crisis?
TABLE OF CONTENTS
part
The General Context
chapter |5 pages
Introduction
chapter |17 pages
A Theoretical Framework
part |59 pages
Financial Flows to Latin America
chapter |6 pages
The Fifties and Foreign Direct Investment
chapter |6 pages
The Sixties and Official Aid
chapter |23 pages
The Seventies and Multinational Banks
chapter |5 pages
The Role of the International Monetary Fund
part |24 pages
Final Remarks