Description
Book SynopsisInternational debt is a major concern both for the countries involved and for the economies financing it. What are the consequences for those involved and how can they tackle this problem? This 4-volume set presents 88 articles and provides a comprehensive, up-to-date analysis of the global issue of international debt. The origins and development of the debt crisis are followed by regional studies concerning Latin America, Africa and the Pacific. The involvement of banks and financial institutions is then explored, with competing explanations for the crisis. There follows an extensive analysis of more than 30 articles on dealing with debt. The final volume looks at the legacies and lessons of the debt crisis and includes a section on the recent problems in Asia.
Table of ContentsIntroduction to volume 1. Part 1 Context - origins and development ofthe international debt crisis: debt and default in the 1930s - causes and consequences, B. Eichengreen, R. Portes; the debt-bomb threat, J. Palmer; the debt crisis - a longer perspective, A. Fishlow; the international debt situation and north-south relations, F. Stewart; Third World debt - the bomb is defused, G. Hector; the political geography of international lending by private banks, D.W. Fryer; the US trade and budget deficits in global perspective, S.E. Corbridge, J. Agnew; Third World debt - the disaster that didn't happen, W.R. Rhodes; the Mexican peso crisis, S. Griffith-Jones. Part 2 Context -regional studies: alternative outcomes of the Latin American debt crisis - lessons from the past, D. Felix; the social time-bomb, J. Roddick; the Brazilian borrowing experience - from miracle to debacle and back, J. Frieden; economic crisis, adjustment and living standards in Mexico, 1982-1985, N. Lustig; Mexico - stabilization, reform and no growth, R. Dornbusch, A. Werner; the external debt difficulties of low-income Africa, C. Humphreys, J. Underwood; the increase in death and disease under "katastroika", M. Ellman; the political economy of the Philippine debt crisis, S. Haggard. Part 3 Context - banks and institutions: the origins of the crisis 2 - the supply of credit, H. Lever, C. Huhne; the US commercial banks and the developing-country debt crisis, J. Sachs, H. Huizinga; bankers' dilemmas - private cooperation in rescheduling sovereign debts, C. Lipson; the politics of economic stabilization - IMF standby programs in Latin America, 1954-1984, K. Remmer.
