Crisis de pagos y política de ajuste en América Latina

Jaime Estévez

doi:10.5354/0719-3769.1986.15747

Authors

Jaime Estévez

Abstract

Reflections on the economic, political and social conditions in Latin America should give increasing attention to the problems generated by the external debt crisis and the adjustment policy implemented to confront it. Indeed, since 1981, social and economic evolution in the region has been determined mainly by the change in world economic conditions and the particular way in which Latin American governments have tried to adapt to them. The adjustment policy applied by most of the countries in the region, as agreed with the IMF since 1983, has had unnecessarily negative consequences on production and employment. We maintain that the causes are the IMF's economic focus, the behavior of the creditor banks and the absence of an alternative policy of adjustment and debt renegotiation in the Latin American countries.

Keywords:

Debt Crisis, Adjustment Policy, Latin America, World Economy, International Monetary Fund

Author Biography

Jaime Estévez

Economista chileno. Ex Director del área del Nuevo Orden Económico Internacional del Centro de Estudios Económicos y Sociales del Tercer Mundo (CEESTEM), México, y actualmente miembro del Centro Latinoamericano de Economía y Política Internacional (CLEPI), Chile.

Crisis de pagos y política de ajuste en América Latina

Authors

Abstract

Keywords:

Author Biography

Jaime Estévez

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