Abstract
One of the consequences of the emergence of the Latin American foreign debt crisis in 1982 has been a growing attention to the problem of the incompatibility between internal economic growth and the honouring of external commitments by heavily indebted countries suffering the effects of a strong deterioration of their terms of trade. The latter problem, in turn, is the result of the collapse of the prices for their main export products, usually a limited gamut of primary commodities, which are particularly subject to extreme price fluctuations.
The author wants to express his gratitude to Martin Pérez for his extraordinary support in the elaboration of this paper. Also to Domingo Fontiveros and Richard Melman for their help.
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© 1989 Kluwer Academic Publishers
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Palma, P.A. (1989). Commodity Price Contractions, Debt and Economic Growth in Developing Economies: The Venezuelan Case. In: Klein, L.R., Marquez, J. (eds) Economics in Theory and Practice: An Eclectic Approach. Advanced Studies in Theoretical and Applied Econometrics, vol 17. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0463-7_5
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DOI: https://doi.org/10.1007/978-94-009-0463-7_5
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