The crisis that the capitalist world is currently experiencing does not correspond to one more cyclical depression, within the characteristic ups and downs of the system, but is structural in nature. We maintain that we are facing a long period of low growth rates, of recession, of a very slow world economy, until the need to undertake major structural transformations is understood once and for all. In the same way, in our opinion, rather than being faced with a crisis in the international financial system, we are in the presence of a crisis in the international private banking system. The developing countries are being subjected not only to the brutal impact of the deterioration of their terms of trade, but now they have to absorb the demands that, with the support of the International Monetary Fund, the large international banks impose on them.
Keywords:
Latin America, Economic Crisis, International Banking, International Monetary Fund, Structuralism
Author Biography
Celso Furtado, Escuela de Altos Estudios en Ciencis Sociales, Universidad de Perú
Prestigioso economista brasileño y autor de numerosas obras sobre la economía mundial y latinoamericana, es actualmente director de estudios de la Escuela de Altos Estudios en Ciencias Sociales de la Universidad de Perú.
Furtado, C. (1983). La crisis financiera internacional y sus consecuencias para América Latina. Estudios Internacionales, 16(64), p. 534–546. https://doi.org/10.5354/0719-3769.1983.15863
Twitter