1996 | OriginalPaper | Chapter
Is the Debt Crisis Largely Over? A Critical Look at the Data of International Financial Institutions
Author : Kunibert Raffer
Published in: Challenging the Orthodoxies
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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While the 1980s became known as the decade of the debt crisis, the 1990s have been heralded as the years of hope and recovery, if not for all debtors then at least for those having adopted ‘prudent’ economic policies. In other words, the present situation of Latin America is used – with cautious caveats regarding sustainability – as the practical vindication of Bretton Woods-type adjustment policies.