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Le Mexique et le plan Brady: le surendettement n'est pas une fatalité

Listed author(s):
  • Vincent Destival
Registered author(s):

    [fre] Le plan Brady a constitué un tournant dans l'approche des problèmes d'endettement des pays en développement en reconnaissant la nécessité d'une réduction du volume de l'endettement. Premier à bénéficier de cette nouvelle stratégie, le Mexique constitue un test important pour sa généralisation dans d'autres pays. Au-delà de l'évaluation du bénéfice direct de l'accord conclu avec les banques qui donne lieu à une polémique fournie, il faut surtout essayer de mesurer les conséquences macro-économiques de la réduction de l'endettement. Ce sont alors tous les acquis du programme d'ajustement en œuvre depuis 1982 qui se trouvent mis en valeur et permettent d'envisager pour le Mexique, désormais, un chemin de croissance dans la stabilité. [eng] Brady's program is a totally new approach of debt problems for the developing countries. It recognizes the necessity of a reduction of debt amounts. Mexico is the first country to try this new strategy and represents a significant test before this program is put into practice in other countries. The evaluation of the direct profit issued from the agreement with the banks has raised important debates. But measuring the macro- economic consequences of the reduction of the debt seems to be the fundamental point. All the benefits of the adjustment program applied since 1982 will then appear and will make Mexico able to follow a growth path within stability.

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    Article provided by Programme National Persée in its journal Revue française d'économie.

    Volume (Year): 5 (1990)
    Issue (Month): 4 ()
    Pages: 191-207

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    Handle: RePEc:prs:rfreco:rfeco_0769-0479_1990_num_5_4_1269
    Note: DOI:10.3406/rfeco.1990.1269
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