One phenomenon which characterizes the current problems of Latin American external debt is the process of dollarization (the progressive substitution of U.S. dollars, actual dollars or prices denominated in that currency, for the local monies). The new monetary plans of Argentina and Brazil, for...

The problems which face Latin America and the Caribbean are both many and dramatic. To confront those problems it is necessary to reconsider and redevelop our ideas about them. This article is in this reformist tradition. It suggests that the tendency amongst the upper strata of Latin society to...

In the advanced capitalist countries, the shaping of a relatively homogeneous wage-earning class was a slow process that lasted at least three generations. This gradual transition to a wage-earning economy doesn't seem to take place in developing countries, where the existence of a wile informal...