In: Nordic journal of wellbeing and sustainable welfare development: Nordisk tidsskrift for livskvalitet og baerekraftig velferdsutvikling, Band 2, Heft 2, S. 53-67
Both industrialized nations and Latin American developing countries are losers under the burden of the crushing debt crisis. Although lower population growth rates and a certain increase in exports do permit a measure of optimism, Latin America may be facing a future of social turmoil and the possibility of military take-overs. If, on the other hand, the region's debt burden could be reduced, the future could bring an influx of foreign capital providing new growth and a strengthening of the democratric process