The political and social outlook for Latin America

Taking a down-to-earth view of the probable evolution of the main economic conditioning factors affecting the countries of the region, especially the external debt, the author sketches the broad outlines of a strategy for stimulating medium- and long-term development. As regards the external debt he forecasts an increasingly conflictive situation, to the point at which its seriousness will lead to the acceptance of more flexible proposals by the creditor banks and countries. The conflicts will themselves hasten the historical process and help to generate the situations and actors that will strive to relieve the present stifling situation.