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Developing Country Debt and Economic Performance, vol. 2, Country Studies - Argentina, Bolivia, Brazil, and Mexico.

Volume II in Developing Country Debt Series

This volume contains comprehensive case studies of four debtor countries with very different economies. Mexico is an oil exporter with significant manufactured exports; Argentina and Brazil import oil and export agricultural products; and Bolivia exports oil and other raw materials. These four countries thus were affected very differently by the sharp increase in oil prices that occurred in the late 1970s, yet all of them suffered serious debt crises beginning in 1982. This volume emphasizes that the common experience of these four debtors was an inability to keep government spending in line with government revenues and a tendency to spend money on unproductive investments.

Volume 2 in this series should be of interest to graduate students in economic development, regional area specialists, and individuals who work with developing countries.

Sachs is a research associate in the NBER's Program in International Studies and the Galen L. Stone Professor of International Trade at Harvard University.
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Publication:NBER Reporter
Article Type:Book Review
Date:Mar 22, 1990
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