The Reluctant Giant

Japan and the Latin American Debt Crisis

Dados Bibliográficos

ID3461235
AutoresBarbara Stallings (0000-0002-9821-6533, University of Wisconsin–Madison, autor correspondente)
Ano1990
Volume22
Fascículo1-2
Páginas1-30
Data de publicação1990-03-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoJournal of Latin American Studies (JOURNAL)
Identificadores do periódicoISSN: 0022-216X • E-ISSN: 1469-767X
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022216x00015091
OpenAlexW2098374368
IdiomaEN
Citações recebidas2
Referências citadas13

The debt crisis has been the dominant feature of Latin American economic and political life since 1982. While the Reagan Administration gave greater priority to Central America, it nevertheless managed the international response to the debt crisis. US management initially seemed logical for several reasons: US hegemony worldwide, the traditionally close relationship between the United States and Latin America, and the leading exposure of US banks in Latin American debt. During the period since 1982, however, two of these three elements have changed. Japan has challenged US hegemony, although it certainly has not displaced the United States, and Japanese banks have caught up with their US counterparts as holders of Latin American debt.2Despite their lack of traditional relations with Latin America, then, the Japanese are becoming increasingly - although perhaps reluctantly - involved in the region

Debt · Debt crisis · Development economics · Economic history · Economics · External debt · Hegemony · Latin Americans · Political science · Politics · Finance · Global Financial Crisis and Policies · International Development and Aid · Law