Publication Date: April 1986
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Esther Wilson Hannon; Edward L. Hudgins
Research Area: Economics
Keywords: Latin American
The Latin American debt crisis poses a serious threat to the U.S. and the world economy. Dealing with this crisis is a formidable task. Yet the causes of the crisis are known and the market policies necessary to solve the problem are clear. The debtor countries themselves now recognize the folly of many of their socialist policies. If the Reagan Administration, the World Bank, and the IMF work with Latin American leaders to promote and implement market policies, the debt problem could be solved once and for all.