Banker to the Third World: U. S. Portfolio Investment in Latin America, 1900-1986 (Studies in International Political Economy)

Stallings, Barbara

History

University of California Press

<p>By the end of 1985, Latin Americans owed their foreign creditors $368 billion. That was nearly $1,000 for every man, woman, and child between the Rio Grande and Tierra del Fuego. The debt represented more than half of the region's gross domestic product, and interest payments alone consumed 36 percent of export revenues. If profits are added to interest, and the total compared to new capital inflows, the drama of the situation becomes clear: a real resource transfer from Latin American was under way. More than three-fourths of Latin America's debt was owed to several hundred commercial banks with headquarters in North America, Europe, and Japan.<br /> &nbsp;<br /> <i>Banker to the Third World</i> examines why the loans that precipitated the 1985 debt crisis were made, how these loans were similar to, and different from, other loans, what solutions to the crisis would be effective, and how such problems could be avoided in the future.<br /> &nbsp;<br /> When originally published, this title presented a new and timely analysis of the crisis; today it serves as a historical exploration that will give readers a better understanding of both Latin American economic history and more recent foreign debt crises.<br /> <div>&nbsp;</div> <div>This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1987.</div> <div>&nbsp;</div></p>

Banker to the Third World: U. S. Portfolio Investment in Latin America, 1900-1986 (Studies in International Political Economy) (Volume 18)

Business & Money

Investing

<p>This account of the interplay of politics and economics in Chile in three successive administrations ending with the 1973 coup suggests that social class plays a major role in determining the outcome of economic policies in Latin America. As the author demonstrates, the nature of the class alliance that controls the state apparatus in Chile, together with the actions of foreign capital, determines not only the type of economic policies followed, but their outcomes as well. A comparison of the three regimes of Jorge Alessandri (1958–64), Eduardo Frei (1964–70), and Salvador Allende (1970–73) is especially important because they represent the main approaches to economic development available to all Third World countries today. The three regimes are compared in terms of policies on property relations, government expenditure, credit, investment, wages, prices, employment, and foreign investment. The outcomes are analyzed through data on economic growth and income distribution. In a concluding chapter, the author comments on the meaning of the Chilean experience for other countries.</p>

Class Conflict and Economic Development in Chile, 1958-1973

Economics

Stanford University Press

Debt And Democracy In Latin America

Kaufman, Robert

Westview Press

Access to finance is critical in setting the course for development in emerging market economies. In this innovative study, which provides the first book-length analysis of the Latin American financial sector, Barbara Stallings and Rogerio Studart examine the dramatic changes resulting from financial liberalization in the region. The authors begin by discussing the critical transformations taking place in Latin America since 1990—a period marked by acceleration toward a new open, market-oriented development model, and away from a semi-closed model relying heavily on the state. Stallings and Studart examine changes in ownership of the financial sector and government regulation of banking, evaluate the role of capital markets as a source of finance, and compare Latin America's financial sector to that of East Asia. The second section of the book features case studies that demonstrate the changes occurring in Chile, Mexico, and Brazil with particular reference to finance for investment and access to credit. The authors conclude with a set of policy recommendations aimed at strengthening Latin American banks and capital markets so that they can play a greater role in supporting economic development.

Finance for Development: Latin America in Comparative Perspective

Brookings Institution Press

Growth, Employment, and Equity: The Impact of the Economic Reforms in Latin America and the Caribbean

<br><p>In the last ten to fifteen years, the Latin American and Caribbean region has undergone the most significant transformation of economic policy since World War II. Through a series of structural reforms, an increasing number of countries have moved from closed, state-dominated economies to ones that are more market oriented and open to the rest of the world. Policymakers expected that these changes, in conjunction with lower rates of inflation and increased spending in the social area, would speed up economic growth, increase productivity, and lead to the creation of more jobs and greater equality. Have those expectations been fulfilled? Analyzing the impact of the reforms in nine countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides a detailed picture of progress to date. At the overall regional level, the book suggests, the reforms have had a surprisingly small impact: a small positive impact on investment and growth, and a small negative impact on employment and income distribution. But at the country, sectoral, and microeconomic levels, it finds evidence of strong effects, with some units doing very well and others falling behind.</p>
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<p><div> <p>In the last ten to fifteen years, the Latin American and Caribbean region has undergone the most significant transformation of economic policy since World War II. Through a series of structural reforms, an increasing number of countries have moved from closed, state-dominated economies to ones that are more market oriented and open to the rest of the world. Policymakers expected that these changes, in conjunction with lower rates of inflation and increased spending in the social area, would speed up economic growth, increase productivity, and lead to the creation of more jobs and greater equality. Have those expectations been fulfilled? Analyzing the impact of the reforms in nine countries (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Jamaica, Mexico, Peru), this study provides a detailed picture of progress to date. At the overall regional level, the book suggests, the reforms have had a surprisingly small impact: a small positive impact on investment and growth, and a small negative impact on employment and income distribution. But at the country, sectoral, and microeconomic levels, it finds evidence of strong effects, with some units doing very well and others falling behind.</p> </div></p>

<p>The way external forces influence political and economic outcomes in developing countries is an ongoing concern of scholars and policymakers. In the 1970s and 1980s, dependency analysis was a popular way of approaching this topic, but it later fell into disrepute. This Element argues that it may be useful to revamp dependency to interpret China's new relationships with developing countries, including Latin America. Economic links with China have become important determinants of the region's development. Stallings discusses the dependency debates, reviews the way dependency operated in the US-Latin American case, and analyzes the growing Chinese presence within a dependency framework.</p>

Dependency in the Twenty-First Century? (Elements in Politics and Society in Latin America)

Politics & Social Sciences

Politics & Government

Cambridge University Press

<p>This book offers a new approach to studying foreign aid in the 21<sup>st</sup> century. While most analysts focus on the differences between traditional and emerging donors, Stallings and Kim here argue that a more important distinction is between East Asian donors and their western counterparts. Asian donors – Japan, South Korea, and China – cross the traditional and emerging divide and demonstrate a particular approach to development that draws on their own dramatic success. As East Asia continues its upward trajectory of economic development, the politics of aid can reveal surprising truths about the objectives and mechanisms of soft power and diplomacy in creating new networks in the region. This book will be of interest to NGO workers, scholars, and students of international relations, a critical part of research into Asia's rise and the emerging spheres of influence.</p>

Promoting Development: The Political Economy of East Asian Foreign Aid (Development Cooperation and Non-Traditional Security in the Asia-Pacific)

Kim, Eun Mee

PALGRAVE~MACMILLAN

See the best price to sell, buy, or rent books by Stallings, Barbara. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Stallings, Barbara

See the best price to sell, buy, or rent books by Stallings, Barbara. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Banker to the Third World: U. S. Portfolio Investment in Latin America, 1900-1986 (Studies in International Political Economy)

Banker to the Third World: U. S. Portfolio Investment in Latin America, 1900-1986 (Studies in International Political Economy) (Volume 18)

Class Conflict and Economic Development in Chile, 1958-1973

Debt And Democracy In Latin America

Debt And Democracy In Latin America

Finance for Development: Latin America in Comparative Perspective

Growth, Employment, and Equity: The Impact of the Economic Reforms in Latin America and the Caribbean

Growth, Employment, and Equity: The Impact of the Economic Reforms in Latin America and the Caribbean

Dependency in the Twenty-First Century? (Elements in Politics and Society in Latin America)

Promoting Development: The Political Economy of East Asian Foreign Aid (Development Cooperation and Non-Traditional Security in the Asia-Pacific)