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External debt, development strategy and policy

Author

Listed:
  • Aldo Ferrer

Abstract

A crise da dívida da América Latina pode ser dividida em três fases. Na primeirafase, 1982-1984, a América Latina tinha déficit comercial e pequeno poder de barganha. Apartir de 1984 a América Latina passou a apresentar grandes superávits comerciais. Issosignifica uma transferência de recursos reais, mas também significa um aumento do poderde barganha. Se a América Latina suspender o pagamento de parte dos juros, poderá comprartudo o que precisa. A terceira fase deve começar agora. Nesta etapa, a América Latinadeve usar esse novo poder de barganha de forma mais eficaz para manter taxas razoáveisde crescimento econômico. JEL Classification: E31; F34.

Suggested Citation

  • Aldo Ferrer, 1987. "External debt, development strategy and policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 7(2), pages 202-215.
    • Handle: RePEc:ekm:repojs:v:7:y:1987:i:2:p:202-215:id:1646
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1646/1632
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    More about this item

    Keywords

    External debt; debt crisis; stabilization;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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