Debt Disaster?: Banks, Government and Multilaterals Confront the Crisis

John F. Weeks

Published by New York University Press 1989

Debt Disaster?

Banks, Government and Multilaterals Confront the Crisis

John F. Weeks

Volume 2 in the series Geonomics Institute for International Economic Advancement Series

https://doi.org/10.18574/nyu/9780814784907.001.0001

Overview
Contents

About this book

Written for the nontechnical reader and intended to intervene in the policy debate, Debt Disaster? offers informative analysis, controversial assessments, and concrete solutions to bring a close the bleakest period for the Third World since the end of World War II. Out of this volume comes a clear message: the indebted countries cannot grow if they seek to pay their debts, no matter what policies they follow.
The contributors include: Barry Herman, Rolph van der Hoeven, Karin Lissakers, Paul M. Sacks, Chris Canavan, Robert Liebenthal, Peter Nicholas, Robin A. King, Michael. D. Robinson, Richard D. Fletcher, JOse D. Epstein, William L. Canak, Danilo Levi, Louellen Stedman, Peter Hakim, Vali Jamal, Bruce Morrison, Rudiger Dornbusch, Osvaldo Sunkel, William Darity, Jr., and MIchael Pl. Claudon.

Author / Editor information

Weeks John F. :

John. F. Weeks is Professor of International Politics and Economics at MIddlebury College. An internationally recognized development economist with extensive policy-related work in developing countries including Nigeria, Kenya, Somalia, Jamaica, Peru, and Nicaragua, he has served as consultant for most of the major multilateral agencies, including the World Bank, the Inter-American Development Bank, and the Food and Agriculture Organization of the United Nations.

Topics

Frontmatter Publicly Available Download PDF	i
CONTENTS Publicly Available Download PDF	v
List of Figures Publicly Available Download PDF	ix
List of Tables Publicly Available Download PDF	xi
Acknowledgments John F. Weeks Publicly Available Download PDF	xiii
Foreword Michael P. Claudon Publicly Available Download PDF	xv
Introduction John F. Weeks Publicly Available Download PDF	xix
PART I DEBT CRISIS IN THE THIRD WORLD
Chapter 1 The Outlook for Development Barry Herman Requires Authentication Unlicensed Licensed Download PDF	1
Chapter 2 External Shocks, Adjustment, and Income Distribution Rolph van der Hoeven Requires Authentication Unlicensed Licensed Download PDF	21
Chapter 3 Losers Pay Reparations, Or How the Third World Lost the Lending War John F. Weeks Requires Authentication Unlicensed Licensed Download PDF	41
PART II THE DEBT CRISIS AND COMMERCIAL BANKS
Chapter 4 Background to the Debt Crisis: Structural Adjustment in the Financial Markets Karin Lissakers Requires Authentication Unlicensed Licensed Download PDF	65
Chapter 5 Safe Passage Through Dire Straits: Managing an Orderly Exit from the Debt Crisis Paul M. Sacks and Chris Canavan Requires Authentication Unlicensed Licensed Download PDF	75
PART III STRUCTURAL ADJUSTMENT: SOLUTION OR PART OF THE PROBLEM
Chapter 6 World Bank-Supported Adjustment Programs Robert Liebenthal and Peter Nicholas Requires Authentication Unlicensed Licensed Download PDF	91
Chapter 7 Assessing Structural Adjustment Programs: A Summary of Country Experience Robin A. King and Michael D. Robinson Requires Authentication Unlicensed Licensed Download PDF	103
Chapter 8 Undervaluation, Adjustment, and Growth Richard D. Fletcher Requires Authentication Unlicensed Licensed Download PDF	125
Chapter 9 Old Wine in New Bottles: Policy-Based Lending in the 1980s Jose D. Epstein Requires Authentication Unlicensed Licensed Download PDF	131
PART IV STRUCTURAL ADJUSTMENT: IMPACT IN THE THIRD WORLD
Chapter 10 Social Costs of Adjustment in Latin America William L. Canak and Danilo Levi Requires Authentication Unlicensed Licensed Download PDF	141
Chapter 11 Political Change and Economic Policy in Latin America and the Caribbean in 1988 Louellen Stedman and Peter Hakim Requires Authentication Unlicensed Licensed Download PDF	165
Chapter 12 The Demise of the Labor Aristocracy in Africa: Structural Adjustment in Tanzania Vali Jamal Requires Authentication Unlicensed Licensed Download PDF	175
PART V SEEKING A SOLUTION
Chapter 13 Facing the Realities of the Debt Crisis Bruce Morrison Requires Authentication Unlicensed Licensed Download PDF	195
Chapter 14 From Adjustment with Recession to Adjustment with Growth Rudiger Dornbusch Requires Authentication Unlicensed Licensed Download PDF	207
Chapter 15 From Adjustment and Restructuring to Development Osvaldo Sunkel Requires Authentication Unlicensed Licensed Download PDF	223
Chapter 16 Is to Forgive the Debt Divine? William Darity Jr. Requires Authentication Unlicensed Licensed Download PDF	233
Chapter 17 Foreign Lending at the Brink Michael P. Claudon Requires Authentication Unlicensed Licensed Download PDF	243
Bibliography Requires Authentication Unlicensed Licensed Download PDF	255
Index Requires Authentication Unlicensed Licensed Download PDF	271
About the Contributors Requires Authentication Unlicensed Licensed Download PDF	285
About the Editor Requires Authentication Unlicensed Licensed Download PDF	289

Language: English
Publisher: New York University Press
Audience: Professional and scholarly;

eBook

Published: August 1, 1989
ISBN: 9780814784907