INTERNATIONAL DEBT CRISES
In: International Political Economy and Globalization, S. 168-216
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In: International Political Economy and Globalization, S. 168-216
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Examines protests carried out by the popular classes in Latin America to oppose austerity measures implemented by international creditors or imposed by state governments to alleviate foreign debts. A description of the debt crisis facing many Latin American countries emphasizes its magnitude & its roots in global patterns of accumulation & developmental goals of dependent states. The economic situation in Latin America is analyzed in relation to interacting states & international actors, including the International Monetary Fund. Austerity measures undertaken by various nations are described, along with the wave of popular protests that emerged in response. It is noted that, between 1976 & 1986, over half of the major countries of Latin America & the Caribbean experienced social upheavals as the result of austerity measures. The motives, forms, membership, & consequences of these popular protests are examined, & it is argued that their importance must not be viewed as a separate determinant of change, but as part of the multiple forces involved in reshaping state & society. 2 Tables, 22 References. J. Lindroth
Examines protests carried out by the popular classes in Latin America to oppose austerity measures implemented by international creditors or imposed by state governments to alleviate foreign debts. A description of the debt crisis facing many Latin American countries emphasizes its magnitude & its roots in global patterns of accumulation & developmental goals of dependent states. The economic situation in Latin America is analyzed in relation to interacting states & international actors, including the International Monetary Fund. Austerity measures undertaken by various nations are described, along with the wave of popular protests that emerged in response. It is noted that, between 1976 & 1986, over half of the major countries of Latin America & the Caribbean experienced social upheavals as the result of austerity measures. The motives, forms, membership, & consequences of these popular protests are examined, & it is argued that their importance must not be viewed as a separate determinant of change, but as part of the multiple forces involved in reshaping state & society. 2 Tables, 22 References. J. Lindroth
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