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Outlook for the World Economy: A Latin American Viewpoint*

Published online by Cambridge University Press:  02 January 2018

Juan Guillermo Espinosa
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Extract

The Term Which best sums up the current international economic situation is the word “crisis.” This crisis exists not only in the economies of the South, harassed over the past five years by external debt and the adjustment measures which it has spawned, but also in the economies of the North, often saddled with substantial deficits.

Surrounding the state of crisis is a general sense of confusion as to the proper direction to take to deal with this crisis. The future appears opaque, which renders the choice of remedies even more difficult than would normally be the case under better circumstances.

Type
Latin America Looks At The Debt:
Information
Journal of Interamerican Studies and World Affairs , Volume 29 , Issue 4 , Winter 1987 , pp. 125 - 146
Copyright
Copyright © University of Miami 1987

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Footnotes

**

The views expressed in this article are those of the author and do not necessarily reflect those of the organization with which he is associated.

*

This article is a revised version of a paper presented at a conference of the Banco Centroamericano de Integración Económica (BCIE) held in Tegucigalpa, Honduras, from 30 November to 2 December, 1987.

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