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 on the Latin American democracies. While important in its own right, understanding the Latin American experience is also essential in light of changes in Eastern Europe. Despite many obvious cultural differences and historical experiences, there are many parellels between the two regions--democratization at a time of economic crisis and of heavy external debt. This important new book underscores the lessons of the Latin American experience, making it essential reading for anyone concerned with the global economy.
SCOTT B. MacDONALD is the Chief International Economist for Maryland National Corporation in Baltimore. He is the author of Trinidad and Tobago: Democracy and Development in the Caribbean (1986), Dancing on a Volcano: The Latin American Drug Trade (1988), and coedited volume, The Caribbean after Grenada (1988).
Jane Hughes is an interior design educator at Western Carolina University with over thirty years of interior design experience in residential and commercial practice. She began hand drafting at her father's drafting table at an early age and continued to hand draft well into her professional career. Her early career focused on designing resorts and multi-family properties across the country. Her current interests now lie in designing for elders and other special needs populations regarding their quality of life.