Suchergebnisse

The current problem that has arisen within the Andean Pact may culminate in Chile's exit from the process that brought together six countries. The other five - Bolivia, Colombia, Ecuador, Peru and Venezuela - have reached an agreement on tariffs and the treatment of foreign investment. Consequently, the hopes of the Chilean government economic team to be accompanied by other countries in positions of free trade and indiscriminate openness to foreign investment would be fading. Current evolution indicates that the integration process within the Andean pact would continue, with all its members or only five of them. This paper examines the main origin of the problem and the dangers that a negative outcome would represent for the permanent interests of Chile. ; El actual problema en surgido al interior del Pacto Andino, puede culminar con la salida de Chile del proceso que agrupa a seis países. Los otros cinco –Bolivia, Colombia, Ecuador, Perú y Venezuela– han logrado un acuerdo en el campo arancelario y el tratamiento a las inversiones extranjeras. En consecuencia, se estarían desvaneciendo las esperanzas del equipo económico gubernamental chileno de ser acompañados por otros países en las posiciones de libre comercio y de apertura indiscriminada a la inversión extranjera. La evolución actual indica que el proceso de integración dentro del seno del pacto andino continuaría, con todos sus miembros o solo cinco de ellos. En el este trabajo se examina el origen principal del problema y los peligros que un desenlace negativo representaría para los intereses permanentes de Chile.

In the 80s, Latin America experienced the worst economic crisis since the world-wide depression of the 30s. A common link running through this crisis was external indebtedness with the international private banking system. Since then, the region has entered a new phase of abundance of capital inflows, bearing some resemblance to the preceding episode of the 70s.In this paper a review is made of the origins of indebtedness, of the emergence of the crisis in the early 80s, and of the management by creditors and debtors during that decade. Some lessons are derived about the working of international financial markets and policy implications. (Rev Econ Polit/DÜI)

The role of regional institutions is one of the most prominent issues for the future of Latin America, which is absent from the predominant focus in the debate on the international economic reform agenda. It is especially absent from the main reports of the North and from reform proposals coming from multilateral institutions. This absence is paradoxical in a world in which a substantial part of trade takes place between neighboring countries or countries that share the same region (note the European Union or NAFTA), in which financial crises are spread intra-regionally, and where the environment and Natural resources suffer deterioration or pressure from geographically close nations or from natural phenomena that cross geopolitical borders. ; El rol de las instituciones regionales es uno de los temas más destacados para el futuro de América Latina, que está ausente del enfoque predominante en el debate sobre la agenda de reforma económica internacional. Está, especialmente, ausente de los principales informes del Norte y de propuestas de reformas provenientes de instituciones multilaterales. Esta ausencia resulta paradojal en un mundo en que una parte substancial del comercio se gesta entre países vecinos o que comparten una misma región (obsérvese la Unión Europea o el ALCAN), en que las crisis financieras se contagian intrarregionalmente, y donde el medio ambiente y los recursos naturales sufren un deterioro o presiones provenientes de naciones cercanas geográficamente o a partir de fenómenos naturales que atraviesan fronteras geopolíticas.

The authors discern whether the combination of demand-reducing and demand/supply-switching policies has been efficient or not, crucial indicators being the responses of output and investment. They also deal with side-effects of real devaluation which are not caught by aggregate frameworks, and which need the implementation of concomitant selective policies

Überblick über die wirtschaftliche Entwicklung in Chile seit dem Putsch von 1973 unter besonderer Berücksichtigung des stetigen Anwachsens der Schuldenlast. Im Zusammenhang mit der Schwächung des produktiven Sektors ist die hohe Auslandsverschuldung eine Bürde, die monetaristische Lösungen immer ungeeigneter erscheinen läßt