Fluxos e refluxos de capital para a América Latina : a outra face da reestruturação das economias centrais
By: BEKERMAN, Marta
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ArticlePublisher: São Paulo : Brasiliense, jan./mar. 1990Revista de Economia Política = Brazilian Journal of Political Economy 10, 1, p. 53-74Abstract: The Latin American economies have faced very different scenarios regarding their access to external financial resources. Scarcity of funds during the 1950s, a substantial increase in the supply of financial flow5 by private international banks during the 1970s, and again a stage of restrictive conditions since 1982. The work looks at the external causes that made possible these different situations linking them to the particular conditions taking place in the developed countries. For exam-ple the stagnation of industrial growth that took place in these countries during the 1970s and the external deficit showed by the US economy can help to explain the expansion in the supply of funds available to Third World countries during that decade. On the other hand the changes showed by the US economy since the end 1970s can also help to explain the deep changes in the supply of funds avail-able to Latin America. Some references to the future are also attempted
The Latin American economies have faced very different scenarios regarding their access to external financial resources. Scarcity of funds during the 1950s, a substantial increase in the supply of financial flow5 by private international banks during the 1970s, and again a stage of restrictive conditions since 1982. The work looks at the external causes that made possible these different situations linking them to the particular conditions taking place in the developed countries. For exam-ple the stagnation of industrial growth that took place in these countries during the 1970s and the external deficit showed by the US economy can help to explain the expansion in the supply of funds available to Third World countries during that decade. On the other hand the changes showed by the US economy since the end 1970s can also help to explain the deep changes in the supply of funds avail-able to Latin America. Some references to the future are also attempted
Revista de Economia Política 1990
v. 10, n. 1(37)
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