This book presents analyses of debt and its relationship to less developed countries. It examines the past, present, and potential future interactions between creditors and debtors. The book links together the most critical aspects of the international debt situation. .
Table of Contents
Part One: The Expansion of External Debt within the Less Developed Countries 1. Debt and Default in the International Political Economy 2. International Public Lending and American Policy 3. Private Overseas Lending: Too Far, Too Fast? 4. Financial Interrelations, the Balance of Payments, and the Dollar Crisis Part Two: Debt and Development 5. Bankers as Revolutionaries in the Process of Development 6. Debt, Indenture, and Development 7. Brazil's Debt-Burdened Recession: Consequences of Short-Term Difficulties or of Structures of Production and Consumption? 8. Political Economy of International Debt: The Dynamics of Financial Capital Part Three: The Politics of International Debt Renegotiations 9. Peru and the U.S. Banks: Privatization of Financial Relations 10. The Politics of Debt Relief: Official Creditors and Brazil, Ghana, and Chile 11. The Politics of Private Bank Lending and Debt Renegotiations 12. The IMF, Commercial Banks, and Third World Debts