The Dance of the Millions: Latin America and the Debt Crisis By Jacqueline Roddick

Pdf the dance of the millions pdf

The Dance of the Millions provides a comprehensive account of the Latin American debt crisis It examines why the bank loans came about in the first place how most of them were used and why they suddenly dried up in the 1980s It argues that the role played by the IMF and the World Bank as the finanical policemen of Latin America has compounded the crisis for the poor who were the least responsible for the debt mountain It also analyses why Latin American governments have so far failed to stand up to the banks and say Can t pay won t pay It includes case studies of Brazil Peru and Costa Rica examines the role played by the IMF and the World Bank describes the impact of debt induced austerity on the poor and considers the implications of the debt for future development The Dance of the Millions Latin America and the Debt CrisisWhile written from a very clear and very open ideological perspective Roddick gives a pretty good deep dive into the Latam crises of the 1980s which of course have little non academic content written about it in English making understanding their context aot easier with the use of this book 30 years since the book was written it s very interesting how many of the suggested changes to the global debt system have materialised in one way or the other and how the arguments have shifted in some ways and not at all in others since then English