International Financial Institutions and Latin American Development

Abstract

Organisations of all kinds are now participating in the expanding system of international economic co-operation. The distinguishing feature of the financial institutions is that their output is more than verbal; for that reason they are often considered, and perhaps have become, the most effective mechanisms for multilateral collaboration. They are receiving and transmitting mechanisms, even though their members have conflicting interests, differing degrees of power, and substantial bilateral financial relations. As far as Latin American development is concerned, we might consider these international financial institutions to be not only independent variables, but also mechanisms shaped by the demands of that development. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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