This book, first published in 1983, and written by a respected leading authority, presents the essentials of international economics in a simple and straightforward way. The book contains the minimum of algebra and avoids detailed proofs. It incorporates the most recent contemporary theoretical advances and discusses contemporary issues in commercial policy. Moreover, it puts less emphasis than other textbooks on trade theory and more on balance of payments theory and on questions of international finance and international monetarism.
1. Introduction Part one Development of the international debt crisis 2. The causes and the development of the current debt crisis in Latin America 3. Recent developments in the debt crisis and ways to its solution Part two Causes, consequences, and debt management 4. On the significance of foreign debt: some 'fundamentals' 5. Debt equity swaps, investment, and creditworthiness: the Chilean example 6. The international debt crisis, its causes and possible solutions Part three Latin American debt problems 7. The external indebtedness of Latin America 8. Indebtedness, savings, and exports: prerequisite conditions to an expansive adjustment 9. Agriculture in the GATT system: Latin America's intrests in the Uruguay rounds Part four International monetary fundamentals 10. External debt, a view from the Third World 11. Exposure management in Latin America - a bankers perspective 12. The Latin American external debt problem, and the International Monetary Fund and World Bank conditionalities Part five Summary 13. Conclusions on the present international debt crisis