Debt and Devaluation
The Burden on Ecuador's Popular Class
Bibliographic Data
| ID | 4501375 |
|---|---|
| Authors | Wendy Wei, Wendy Weiss (corresponding author) |
| Year | 1997 |
| Volume | 24 |
| Issue | 4 |
| Pages | 9-33 |
| Publication date | 1997-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Latin American Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0094-582X • E-ISSN: 1552-678X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0094582x9702400402 |
| OpenAlex | W1989813904 |
| Language | EN |
| Citations received | 7 |
| References cited | 36 |
Studies of the impact of the Latin American debt crisis concur that the burden of debt and structural adjustment policies has fallen disproportionately on the poor (Dietz, 1989; Beneria and Feldman, 1992; Nash, 1992, 1994; Beneria, 1992; Feldman, 1992; Safa and Antrobus, 1992; Payer, 1985; Frieden, 1985; Dornbusch, 1986; Cardoso and Helwege, 1992a and b). There is variation among Latin American states, however, that does not simply turn on the raw quantity of debt held. The scale of the economy, its recent economic history, the politics of emerging democracies and former military governments, and each state's bargaining position with transnational agencies have implications for the relative indebtedness of a nation and the relative burden on its poor. Ecuador illustrates this point. Its oil boom and (comparatively) small amount of debt paradoxically put it at a disadvantage in debt negotiations. In fact, it fared worse in the rescheduling of its debt and repayment periods. As a consequence, Ecuador's debt assumed a higher percentage of Gross Domestic Product (GDP) than those of Brazil and Mexico, two of the largest debtors. The policies developed by two military and two democratic governments to mediate these transnational pressures exacerbated the negative impact on the popular class
Business · Currency · Debt · Devaluation · Economics · Financial system · Keynesian economics · Macroeconomics · Monetary economics · Economic Theory and Policy
Multiplying Themselves
The Political Economy of National Debt Burdens, 1970–2000
The IMF, the World Bank, and U.S. Foreign Policy in Ecuador, 1956-1966
Food Sovereignty, Agro-Extractive Resilience, and Dietary Transformations during the Second and Third Food Regimes in Ecuador (1964-2007)
Revanchist Urbanism Heads South
Debt/growth infrastructures
Institucionalização Partidária e Consistência Programática
Resistance and Contradiction
Coffee and capitalism in the Venezuelan Andes
Cities of peasants
Debt and democracy in Latin America
Power, Gender, and Development
Livelihood and Resistance
The Informal Economy
Death Without Weeping
Women and change in Latin America
Autonomy and Power
Economic Crisis and Policy Choice
The effects of IMF programs in the Third World
Below the line
Cities of Peasants
Coffee and Capitalism in the Venezuelan Andes
Casual Work and Poverty in Third World Cities
Latin American Agricultural Performance in the Debt Crisis
Ecuador
Paying the Costs of Austerity in Latin America
Restructuring Domination
Latin American Urbanization During the Years of the Crisis
On the Trail of Latin American Bandits
Encountering Development
On the Concept of Reproduction
Interpreting social movements
"When They Took the "Muni
Global Integration and Subsistence Insecurity
Resistance and the Problem of Ethnographic Refusal
| Citations per year | 0.28 |
|---|---|
| Citation span | 2001 - 2025 (25) |
| Highly cited | No |