Strong growth in China and India has led to improvements in raw-material exporting countries' terms of trade and attracted complementary finance. The long-term challenge for these countries, where institutions are often fragile, is to avoid the so-called “resource curse”. This paper aims to...

La gran afluencia de capital hacia algunos paises de America Latina a partir de 1990 constituye una ventaja a medias: Hace mas dificil conciliar la desinflacion en el pais con la competitividad externa. En gran parte, las corrientes de capital involucradas parecen ser temporales mas que...