Debt, Macro Policy and State Intervention
The Next Phase for Latin America
Bibliographic Data
| ID | 4547622 |
|---|---|
| Authors | William R Cline (0000-0002-8265-6470, Peterson Institute for International Economics, corresponding author) |
| Year | 1985 |
| Volume | 27 |
| Issue | 4 |
| Pages | 155-172 |
| Publication date | 1985-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Interamerican Studies and World Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0022-1937 • E-ISSN: 2162-2736 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2307/165575 |
| OpenAlex | W2782903982 |
| Language | EN |
| Citations received | 2 |
| References cited | 2 |
In 1982-83 Latin America experienced a depression which rivaled that of the 1930s. Real Gross Domestic Product (GDP) declined by 1% in 1982 and by 3.3% in 1983. Per capita income fell 10% below 1980 levels. The proximate cause of this depression was the crisis produced by external debt.By 1984 several countries in the region began to show signs of recovery from the severe recession and external-sector crisis. Economic growth rebounded to 2%, and the larger countries achieved impressive improvements in external balances. Brazil's total exports grew sharply, as did Mexico's non-oil exports. In 1985 growth has surged ahead in Brazil and Mexico although falling commodity prices have placed new strains on the smaller countries (and weaker oil prices, as well as erosion in domestic policy, have undermined Mexico's external position
Debt · Debt crisis · Depression (economics) · Development economics · Economic growth · Economics · External debt · Financial crisis · Geography · Great Depression · Gross domestic product · International economics · Latin Americans · Macroeconomics · Per capita · Per capita income · Political science · Position (finance) · Recession · Demography · Economic Theory and Policy
| Citations per year | 0.05 |
|---|---|
| Citation span | 1989 - 1989 (1) |
| Highly cited | No |