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Effects of the Current Global Economic System on LDCs: A Latin American Perspective

In: Global Development Fifty Years after Bretton Woods

Author

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  • Patricio Meller

Abstract

Globalization has significantly increased the level of economic interdependence. Almost all countries are interested in increasing their connection to the world economy. Developing countries (LDCs) compete to attract multinationals’ investment; large capital movements in an environment of highly sophisticated information and transmission technology are generating a global financial market; macroeconomic policies of the developed countries have important effects on the evolution of the world economy, and therefore on LDCs. In this paper the ways in which the evolution of the global economic system affects Latin America will be reviewed.

Suggested Citation

  • Patricio Meller, 1997. "Effects of the Current Global Economic System on LDCs: A Latin American Perspective," Palgrave Macmillan Books, in: Roy Culpeper & Albert Berry & Frances Stewart (ed.), Global Development Fifty Years after Bretton Woods, chapter 10, pages 192-210, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25570-2_10
    DOI: 10.1007/978-1-349-25570-2_10
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