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Generating Savings for Latin American Development

Robert Grosse, editor
ISBN: 978-1-57454-044-4
1997/190 pages/LC: 97-21496
Distributed for the North-South Center Press


How can savings be generated and mobilized to support Latin American development into the 21st century? This underlying question is analyzed in detail for the region and for several individual countries. The volume's authors examine the contribution of savings to the process of capital formation, the relationship between domestic savings and domestic investment, and the effects of foreign investment on savings and capital investment in the region.


Robert Grosse is professor of international business and director of research at Thunderbird, the American Graduate School of International Management.


  • Preface.
  • Introduction—R. Grosse.
  • Savings, Stabilization, and Reform in Latin America: Patterns and Policies in the 1990s—E. Tanner.
  • Foreign Sources of Long-Term Financing for Borrowers in Brazil—C. Pechman.
  • The Use of ADRs to Finance Investment in Colombia and Latin America—R. Curci and F. Jaramillo.
  • Chilean Pension Fund Reform and Its Impact on Savings—E. Haindl Rondanelli.
  • Foreign Direct Investment in Latin America—R. Grosse.
  • The Impact of Economic Opening on Savings in Latin America—J.M. Gonzalez-Eiras.
  • Building and Channeling Savings in Latin America: Conclusions—R. Grosse.