The Sword of Damocles: U.S. Financial Hegemony in Colombia and Chile, 1950-1970

by Jon V. Kofas

Focusing on Chile and Colombia during the 1950s and 1960s, Kofas examines the impact of IMF, World Bank, and U.S. foreign policy on the economies and social and political institutions of Latin America. Far from fostering democracy and social justice, foreign loans and aid were major impediments to these ideals. Symptomatic of systematic underdevelopment, cyclical Third World foreign borrowing and debt crises have been responsible for maintaining...

• Format: Hardcover
• Language: English
• ISBN: 0275974057
• ISBN13: 9780275974053
• Release Date: July 2002
• Publisher: Praeger
• Length: 264 Pages
• Weight: 1.18 lbs.
• Dimensions: 1.0" x 6.1" x 9.9"