"Analyzes impact of privatization programs on direct foreign investment(DFI). Uses econometric techniques to demonstrate that infrastructure privatization is highly correlated with higher levels of subsequent DFI capital inflows"--Handbook of Latin American Studies, v. 57

The emergence of the international debt crisis in the 1980s is typically explained through exogenous shocks to the global economic system, first generating excess liquidity and then creating conditions which render previously attractive lending operations unprofitable. Thus, the international...