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Latin America's Locust Years

Tuesday, June 4, 2002

arsip tempo : 172853043815.

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by Rudi Dornbusch*
Rudi Dornbusch is Ford Professor of Economics at MIT and a former chief economics advisor to both the World Bank and IMF.

 

The bad news keeps coming in Latin America these days. Economic conditions worsen almost everywhere, social cohesion unravels and political instability mounts. Little wonder, since much of Latin America spent the last 20 years going nowhere. Assets were sold and national debts ballooned, bu


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