The Economic Future of the Caribbean (Caribbean Classics, No. 2)

The Economic Future of the Caribbean (Caribbean Classics, No. 2)
Автор
 
Год
 
Страниц
 
120
ISBN
 
0912469374
Издатель
 
Beacon Press
Категория
 
Экономические условия

Содержание:

History and Politics, The Treatment of Capitalism by Historians, The Anticapitalist Bias of American Historians, The Treatment of Capitalism by Continental Intellectuals, The Standard of Life of the Workers in England, 1790-1830, The Factory System of the Early Nineteenth Century

Описание:

The 1980s saw a debt crisis among developing countries that indicated a deeper, dangerous fault in the foundations of financial mechanisms. Rocha argues that contractually provided adaptation mechanisms can help avoid the disruption of medium- and long-term financing transactions; he also challenges the current practice of hazardous and resource-consuming ad hoc debt rescheduling that has characterized debt tremors to date. General adoption of these flexible adaptation mechanisms would be, argues Rocha, like flexible construction joints in an earthquake: both debtors and lenders would be more stable in the rocky environment of international finance.

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