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Hardcover Banker to the Third World: U. S. Portfolio Investment in Latin America, 1900-1986 Volume 18 Book

ISBN: 0520413954

ISBN13: 9780520413955

Banker to the Third World: U. S. Portfolio Investment in Latin America, 1900-1986 Volume 18

By the end of 1985, Latin Americans owed their foreign creditors $368 billion. That was nearly $1,000 for every man, woman, and child between the Rio Grande and Tierra del Fuego. The debt represented more than half of the region's gross domestic product, and interest payments alone consumed 36 percent of export revenues. If profits are added to interest, and the total compared to new capital inflows, the drama of the situation becomes clear: a real...

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