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Books > Business & Economics > Finance & accounting > Finance > Public finance
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Debt Politics After Independence - Funding Conflict in Bolivia (Hardcover, New)
Loot Price: R1,700
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Debt Politics After Independence - Funding Conflict in Bolivia (Hardcover, New)
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Tracing the origins of recent Latin American debt problems to the
financial politics of the immediate post-independence period,
Thomas Millington argues that the failure of Latin American states
to fund their internal debts made them dependent on foreign credit.
Negative political and social consequences remain today, he says,
and suggests that debt management should move toward a funded debt
goal and away from the floating debt framework that is endemic in
Latin America. He uses the funding experience in Bolivia to
illustrate his thesis. Millington's work draws on the history of
economic ideas and modern debt analysis and applies them to Latin
American financial practices in their historical, social, and
political contexts. By emphasising the politics of debt funding, he
seeks to challenge other concepts of dependency and neocolonialism
that dominate study of the immediate postindependence period. The
book emerged from the author's experience of working on financial
policy in the Bolivian Ministry of Finance in 1977-78 and on his
extensive research in the Bolivian Archives, where he discovered
evidence of the conflicts between liberal constituencies, as
opposed to the external obstacles often cited in other studies.
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