LATIN AMERICA: CHALLENGES AND PROBLEMS OF POST-CRISIS DEVELOPMENT. MONETARY ASPECT
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LATIN AMERICA: CHALLENGES AND PROBLEMS OF POST-CRISIS DEVELOPMENT. MONETARY ASPECT
Annotation
PII
S0044748X0000616-6-1
Publication type
Article
Status
Published
Edition
Pages
5-18
Abstract
Discusses the main problems of economic development in Latin America in the post-crisis period (2008/2009). Describes the main causes of the slowdown in economic growth. Special attention is paid to the volume and structure of the inflow of foreign capital in terms of openness of economies and the recession in major trading partners. Based on the analysis of the dynamics of capital flows shows that a significant part of the outflow of capital accounts for its illegal export. Concludes that financial globalization has not only increased the possibilities of Latin American countries in mobilizing additional external resources, but has become a serious destabilizing factor.
Keywords
capital flight, default, devaluation, external debt, interest rates, foreign investment, Latin America.
Date of publication
01.09.2017
Number of purchasers
4
Views
1158
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0.0 (0 votes)
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