Biblioteca Digital de VanguardiaExternal debt and social sustainability in Latin America
In the last years, several scholars have claimed that external indebtness does not constitute anymore a problem in Latin America. Indeed, after the outbreak of the debt crisis in the '80s, most Latin American countries managed to comply regularly with their external obligations. This would prov...
| Autores principales: | , |
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| Formato: | Revistas |
| Lenguaje: | Español |
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Universidad de Cartagena
2006
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/412 |
| _version_ | 1782340293576622080 |
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| author | Guarnizo-Useche, Tatiana Pérez-Fuentes, Dewin |
| author_facet | Guarnizo-Useche, Tatiana Pérez-Fuentes, Dewin |
| author_sort | Guarnizo-Useche, Tatiana |
| collection | Revista |
| description | In the last years, several scholars have claimed that external indebtness does not constitute anymore a problem in Latin America. Indeed, after the outbreak of the debt crisis in the '80s, most Latin American countries managed to comply regularly with their external obligations. This would prove that the current debt situation is financially sustainable. However, the relatively disappointing outcomes of the Heavily Indebted Poor Countries (HIPC) lnitiative, as well as the difficulties of the region to achieve the Millennium Development Goals (MDGs), indicate the need to assess sustainabitity from a broader perspective. Social, rather than purely financial sustainability. The purpose of our paper is to start filling this gap.Key Words: External Debt, Social Sustainability, Financial Sustainability. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-412 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2006 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-4122020-04-02T09:13:02Z External debt and social sustainability in Latin America Deuda externa y sostenibilidad social en América Latina Guarnizo-Useche, Tatiana Pérez-Fuentes, Dewin In the last years, several scholars have claimed that external indebtness does not constitute anymore a problem in Latin America. Indeed, after the outbreak of the debt crisis in the '80s, most Latin American countries managed to comply regularly with their external obligations. This would prove that the current debt situation is financially sustainable. However, the relatively disappointing outcomes of the Heavily Indebted Poor Countries (HIPC) lnitiative, as well as the difficulties of the region to achieve the Millennium Development Goals (MDGs), indicate the need to assess sustainabitity from a broader perspective. Social, rather than purely financial sustainability. The purpose of our paper is to start filling this gap.Key Words: External Debt, Social Sustainability, Financial Sustainability. Durante los últimos años, distintos estudiosos han considerado que el tema dé la deuda externa no constituye ya un problema para América Latina, en la medida en que la mayoría de sus países ha cumplido regularmente con sus obligaciones internacionales tras haber superado el episodio de la crisis de los 80, situación que estaría demostrando su sostenibilidad financiera. Sin embargo, a las luz de los pocos resultados alcanzados por la Iniciativa Heavily Indebted Poor Couniries -Hipc-, así como de las dificultades que enfrenta el conjunto de la región para cumplir con el logro de los Objetivos de Desarrollo del Milenio, surge la necesidad de valorar la sostenibilidad del endeudamiento externo latinoamericano en términos sociales, objetivo que sirve de inspiración para el desarrollo de la investigación que dio origen al presente artículo.Palabras Clave: Deuda Externa, Sostenibilidad Social, Sostenibilidad Financiera. Universidad de Cartagena 2006-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/412 10.32997/2463-0470-vol.14-num.14-2006-412 Panorama Económico Journal; Vol. 14 (2006); 137-178 Panorama Económico; Vol. 14 (2006); 137-178 Panorama Económico; v. 14 (2006); 137-178 2463-0470 0122-8900 10.32997/2463-0470-vol.14-num.14-2006 spa https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/412/363 /*ref*/Basu, K. (2003). Globalization and Marginalization: A re-examination of Development Policy. Bureau for Research in Economic Analysis of Development -BREAD- Working Paper N° 026. April. /*ref*/Cepal. (1996). Balance preliminar de la economía de América Latina y el Caribe 1995. Santiago de Chile: Cepal. /*ref*/Combarnous, F. (2005). Hacia indicadores alternativos del endeudamiento de los países en desarrollo. http://oidido.org/rubrique.php3?id_rubrique=20 /*ref*/Edwars, Sebastian. (1989). A Market Solution For The Debt Crisis? En Lluciani (Ed.), La finanza americana fra euforia e crisis. Adriano Olivetti Foundation. Roma. /*ref*/Ferrer, A. (1999). La globalización, la crisis financiera y América Latina. En: Revista Comercio Exterior Vol. 49, N° 6. México: Bancomext, junio. pp. 527-536. /*ref*/French-Davis, R. (Comp.). (2001). Crisis Financieras en economías exitosas. McGraw-Hill-Cepal. Santiago de Chile: Cepal. /*ref*/Ffrench-Davis, R. Y Ocampo, J. (2001). Crisis Financieras en Países Exitosos. Chile: Cepal. /*ref*/Frenkel, R. (2003). Globalización y crisis financieras en América Latina. En: Revista Cepal N° 80. Chile: Cepal, agosto. 42-54. /*ref*/IMF-WB. (2001). Development Comittee; The Challenge of Maintaining Long-Term External Debt Sus tainabili ty. Washington. /*ref*/Jiménez, F. (2004). Bonos indexados ala capacidad de pago: propuesta para asegurar la sostenibilidad de la deuda pública externa. XVI Seminario Regional de Política Fiscal. Santiago de Chile: Cepal. 26-29 enero. /*ref*/Missaglia, M. (2006). El Impacto real de la cancelación de la Deuda en los Países Pobres. En: Revista Foro. N° 57. Bogotá: Foro Nacional por Colombia. Marzo. /*ref*/Ocampo, J. (Editor). (2005). Más allá de las reformas. Bogotá: Cepal- Alfaomega. /*ref*/PNUD (2004). Informe de Desarrollo Humano. New York: PNUD /*ref*/PNUD (2006). Informe de Desarrollo Humano. New York: PNUD /*ref*/Sagasti, F., Bezanson, K. y Prada, F. (2005). The future of Development Financing: Challenges, Scenarios and Strategic Choices. IDS (University of Sussex) and EGDI (Swedish Ministry for Foreign Affairs). Sussex. Preface. /*ref*/Stiglitz, J. (2003). Dealing with debt. How to Reform the Global Financial System. Harvard International Review. Spring. /*ref*/Stiglitz, J. (2004). Hacia una nueva agenda para América Latina. Quito: Corporación Editora Nacional: Universidad Andina Simón. /*ref*/Unctad. (2004). Debt sustainability: oasis or mirage? Geneva: Unctad. /*ref*/Vaggi, G. (1993). Sustainable debt an the "Human Factor". En: G. Vaggi. (Editor). (1993). From the Debt Crisis to Sustainable Development. Sto Martin's Press. New York, 1993. Pp. 117-151. /*ref*/Vaggi, G. (2002). Trade and sustainable finance for development. Wider Discussion Paper. WDP2002/64. Julio. /*ref*/World Bank. (1999) Global Economic Prospects for Developing Countries. Washington: World Bank /*ref*/World Bank. (2002) Global Economic Prospects for Developing Countries. Washington: World Bank /*ref*/World Bank. (2006) Global Economic Prospects for Developing Countries. Washington: World Bank. /*ref*/World Bank. (2004) Global Development Finance. Washington: World Bank Derechos de autor 2015 Panorama Económico |
| spellingShingle | Guarnizo-Useche, Tatiana Pérez-Fuentes, Dewin External debt and social sustainability in Latin America |
| title | External debt and social sustainability in Latin America |
| title_full | External debt and social sustainability in Latin America |
| title_fullStr | External debt and social sustainability in Latin America |
| title_full_unstemmed | External debt and social sustainability in Latin America |
| title_short | External debt and social sustainability in Latin America |
| title_sort | external debt and social sustainability in latin america |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/412 |