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Reading: Latin America’s 1980’s and Asia’s 1990’s Debt Crisis: A Comparison

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Latin America’s 1980’s and Asia’s 1990’s Debt Crisis: A Comparison

Author:

Eufronio R Carreño

Kean University
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Abstract

Latin America’s Foreign Debt crisis of the 1980s has had profound repercussions that resulted in fundamental changes in the process of Economic Development and the economic structure of several Latin American countries. Asia’s Foreign Debt crisis of the 1990s has resulted in comparable repercussions that changed the economic development process and economic structure of several Asian countries. This paper compares the Mexican 1980s crisis with the South Korean 1990s crisis. It focuses on the characteristics of economic development strategies, international financial crisis, and the effects of the conditionality on their economic structures. Part II of the paper presents the economic development process and the strategies pursued by these two countries. Part III presents the genesis of the international liquidity crisis. Part IV presents the effects of the conditionality followed by our conclusions.

How to Cite: Carreño, E.R., (2007). Latin America’s 1980’s and Asia’s 1990’s Debt Crisis: A Comparison. Middle Atlantic Review of Latin American Studies. 15(1), pp.91–100. DOI: http://doi.org/10.23870/27
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Published on 01 Jan 2007.
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