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From Marshall Plan to Debt Crisis - Foreign Aid and Development Choices in the World Economy (Paperback)
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From Marshall Plan to Debt Crisis - Foreign Aid and Development Choices in the World Economy (Paperback)
Series: Studies in International Political Economy, 15
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This book traces the evolution of concessional financing to Third
World countries from its postwar origins in the Marshall Plan to
the debt crisis that engulfed virtually the entire Third World in
the early 1980s. It documents the evolution of a system of aid
provision, of structured access to concessional external financing.
The central focus is on how this structure of access to aid has
changed over time and shaped development options an choices in the
Third World. From this perspective, the emergence of the debt
crisis is closely connected to the role of aid in the world
economy. Although the debt crisis had other roots as well, this
book elucidates an important set of determinants, generally
overlooked, within the systems of aid provision itself. It further
seeks to show that the debt crisis defines a new era, not simply a
set of discrete and extraordinary events beween, say, Mexico's
request for rescheduling in August 1982 and Argentina's coming to
terms with the International Monetary Fund in September 1984. The
debt crisis has profoundly altered the international environment
tha Third Wold countries face, and the legacy of debt will continue
to be a central focus of international relations and development
choices for years to come. This title is part of UC Press's Voices
Revived program, which commemorates University of California
Press's mission to seek out and cultivate the brightest minds and
give them voice, reach, and impact. Drawing on a backlist dating to
1893, Voices Revived makes high-quality, peer-reviewed scholarship
accessible once again using print-on-demand technology. This title
was originally published in 1987.
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