Kategoria BISAC: Business & Economics >> Public Finance

This book examines the interrelationship between the external debt problem and the consolidation of democracy in Latin America in the 1990s. It considers the interplay of actors, including creditor governments, international financial institutions, debtor countries, commercial banks, and multinational corporations, and environment in the new decade, focusing on whether or not Latin America's political regimes can strengthen and democratize their respective economies while continuing to guarantee the country's democratic politics.

The foreign debt problem casts an especially long shadow...

The dynamics of the International Monetary Fund are examined here in terms of how the system coped in the 1980s with the crises resulting from events in Mexico, Brazil, and Argentina, the three most heavily indebted developing countries in the world. Ernest J. Oliveri offers three case studies that demonstrate levels of cooperation and defection in the world of international finance. The Mexican case offers the richest example of cooperation by a Latin American borrower. At the other extreme is Brazil, which adamantly refused to recognize the legitimacy of the IMF as a participant in its...

This study provides an in-depth analysis of the external debt problem of a country--Mexico--that allegedly faces a debt overhang, which inhibits long-term growth-oriented investment. Issues facing the debtor nation and its commercial bank creditors are simultaneously examined in order to move closer towards an understanding of the situation of debt-distressed developing countries. The need to address these issues on a case-by-case basis is emphasized, opposed to a global approach to solving the debt crisis presently recommended by some.

Not only does this work provide a survey of the...

The sound management of public finances is, in Williams' view, the most important factor in attaining the twin objectives of economic growth and improvement in the standard of living in small open developing economies. While looking at the challenges of public finance management in small states, with a focus on Barbados, this book suggests strategies of fiscal and microeconomic management for small economies that will permit them to ensure macroeconomic stability while promoting economic growth and development. In discussing the philosophy of public finance, it examines small size and...

This work examines the process of development financing through a comparison between some of the less-well-developed Caribbean countries and the More-Developed Commonwealth Caribbean countries of Barbados, Guyana, Jamaica, and Trinidad and Tobago. Hope analyzes the ways in which development financing has been undertaken in the Caribbean countries and draws conclusions about the growth process in general. He focuses primarily on analyzing the available data from the less and more developed Caribbean countries. He also examines the successes and failures of Caribbean development efforts and...

Set against the backdrop of deteriorating living conditions for hundreds of millions of people in developing and debtor countries, this volume concentrates on the structural adjustment policies designed to facilitate debt repayment and to stabilize indebted economies and the effects these policies have on the human rights of affected peoples. Conducted by contributors from various disciplines, this analysis provides distinctive insights into the relationship between international economic decisions and human welfare.

The volume begins with general chapters on the issue of world debt;...

An examination of an early version of the debate over money, debt, and taxes sheds light on current debates regarding public finance, a balanced budget, and paying off the public debt. Stabile shows that while special interest lobbying during the constitutional convention produced tax loopholes as part of the Constitution, determined leaders were able to get a reluctant population used to paying taxes and were capable of putting together plans of public finance that attained their goals. Such historical evidence challenges the view that political leaders are incapable of passing the...

The athor views the fiscal crisis as both a product and the process of class struggle. . . . Interview data and documents are combined to present a useful and interesting counter-perspective sensitive to the contingencies of struggle.

"Choice"

The athor views the fiscal crisis as both a product and the process of class struggle. . . . Interview data and documents are combined to present a useful and interesting counter-perspective sensitive to the contingencies of struggle.

"Choice"

Chris C. Carvounis provides the background, the theory and definition, and the analytical tools necessary to understand the scenarios now being played out in the various LDCs. After presenting general issues related to LDC debt from the functionally distinct positions of borrowers, lenders, and negotiators, Carvounis examines in detail the cases of five specific debtor nations--Turkey, Mexico, Brazil, Argentina, and Poland. For each country, a chronology provides background information and a commentary analyzes the key debtor-related matters. The commentaries discuss national economic...