The boom and bust of Latin American lending, 1970-1992
A review of the historical patterns of external borrowings by Latin American countries from the 1970s to the 1990s is presented. The debt of Latin American countries increased by 27% annually from 1970 to 1981, a rate which decreased to 4.3% annually from 1982 to 1992. The changes in Latin American debt was examined in a time series model which incorporated the demand for loans, cost of borrowing, gross national product, GNP growth rate and the balance of payments. There was a positive correlation between GNP and GNP growth and the growth of foreign debt while there was negative correlation between trade balance the growth of foreign debt.
Publication Name: Journal of Economics and Business
A mini boom
The popularity of mini hydraulic excavators, those under three tons, are growing as buyers seek versatility and low purchase price. In addition novel uses are discovered as new attachments are developed. Utility companies are the largest purchasers, but their popularity is on the rise among sub-contractors interested in demolition work.
Publication Name: Asian Review of Business and Technology
A Gun under the Pillow
The economic recession of 1980-82 has caused widespread discontent in Latin America. Governments have been voted out of office. Crime and terrorism are increasing. Rising unemployment has led to severe hardship. Economic recovery in Latin America may still be at least a year away.
Publication Name: Economist
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