Latin America: The Crisis of Debt and Growth

Latin America: The Crisis of Debt and Growth

Latin America: The Crisis of Debt and Growth

Latin America: The Crisis of Debt and Growth

Synopsis

The crisis that struck Latin America in 1981-82 has inflicted heavy losses on borrowers, lenders, and industrial countries alike. It has deprived Latin America of growth and has forced lenders to reschedule repayments of principal and in most cases to put up new money. The crisis has also caused a sharp drop in exports from the United States and other industrial countries to Latin America.
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