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

Cover -- THE SWORD OF DAMOCLES -- Contents -- Acknowledgments -- Introduction -- PART I THE LATIN AMERICAN SETTING -- 1 Prolegomena to the Debt Crisis: From Bretton Woods to the Alliance for Progress -- DEBT CYCLES: FROM INDEPENDENCE TO THE GREAT DEPRESSION -- BRETTON WOODS AND LATIN AMERICA: AN OVERVIEW -- INTEGRATING LATIN AMERICA INTO THE INTER-AMERICAN SYSTEM DURING THE EARLY COLD WAR -- FOREIGN LOANS, FOREIGN INVESTMENT, AND AUTHORITARIAN POLITICS -- DIVERSIFICATION OF TRADE AND LOANS, AND ANTECEDENTS TO THE ALLIANCE FOR PROGRESS -- THE ALLIANCE FOR PROGRESS AND ANTECEDENTS TO THE DEBT CRISIS OF THE 1980s -- PART II COLOMBIA -- 2 International Financial Relations during the Authoritarian Era, 1950-1958 -- AN OVERVIEW OF FOREIGN BORROWING AND EXTERNAL DEPENDENCE -- U.S. FOREIGN POLICY, THE MULTILATERAL BANKS, AND FOREIGN BORROWING UNDER GÓMEZ -- COFFEE DEPENDENCE AND FOREIGN BORROWING UNDER THE ROJAS DICTATORSHIP -- THE COMMERCIAL DEBT CRISIS, THE STABILIZATION OF 1956, AND THE FALL OF ROJAS -- THE JUNTA AND THE INTERNATIONAL FINANCIAL INSTITUTIONS, 1957-1958 -- 3 Foreign Borrowing and Developmentalism under the National Front -- COFFEE CRISIS AND STABILIZATION UNDER LLERAS CAMARGO -- LABOR UNREST, THE CUBAN REVOLUTION, AND THE IMF STANDBY ARRANGEMENT -- THE TEN-YEAR PLAN AND THE INTERNATIONAL FINANCIAL INSTITUTIONS -- COLOMBIAN-EUROPEAN FINANCIAL RELATIONS AND THE U.S. REACTION -- 4 International and Domestic Politics of Austerity under Valencia -- VALENCIA, THE PLAN SANTAMARIA, AND REACTION TO AUSTERITY -- IMF POLICY, COFFEE DEPENDENCE, AND THE BALANCE-OF-PAYMENTS CRISIS OF 1963 -- AUSTERITY, DEBT ALERT, AND WANING OF THE NATIONAL FRONT -- STATE OF SIEGE AND U.S. PRESSURE FOR STABILIZATION -- POPULAR RESISTANCE TO AUSTERITY AND VALENCIA'S LEGACY.

5 Twilight of Reformist Developmentalism: Stabilization and Monetarism under Lleras Restrepo -- REFORM AND RESISTANCE -- LLERAS RESTREPO'S REACTION TO IMF, WORLD BANK, AND U.S. POLICY -- DECREE 444, POLITICAL REPRESSION, FOREIGN LOANS, AND FOREIGN INVESTMENT -- CABINET CRISIS, STABILIZATION, AND SOCIAL UNREST -- IMF POLICY AND THE PRESIDENTIAL ELECTION OF 1970 -- PART III CHILE -- 6 Chile's Struggle for Financial Stability: Monetarism and Beyond -- AN OVERVIEW OF FOREIGN BORROWING AND EXTERNAL DEPENDENCE -- GONZÁLEZ VIDELA AND U.S. FOREIGN POLICY -- THE ALESSANDRI AND VIAL BILLS, AND THE UN MISSION -- THE IMF MISSION AND THE MONETARIST PLAN -- FOREIGN LOANS AND U.S.-CHILE RELATIONS DURING THE KOREAN WAR -- 7 Hyperinflation under Ibañez, the Multilateral Banks, and U.S. Foreign Policy -- IBAÑEZ'S POPULISM AND THE INTERNATIONAL FINANCIAL INSTITUTIONS -- GROWTH VERSUS STABILITY: THE FINANCIAL CRISIS OF 1953 AND THE ROSSETTI PLAN -- DEVALUATION, ABORTED STABILIZATION, AND THE POLITICS OF COPPER -- THE FINANCIAL CRISIS OF 1954 AND THE ROAD TO AUSTERITY -- ANTECEDENTS TO THE KLEIN AND SAKS MISSION AND SOCIAL UNREST -- THE WORLD BANK LOAN OF 1957 AND THE TERMS OF TRADE -- KLEIN AND SAKS UNDER ATTACK AND THE IMF STANDBY ARRANGEMENT OF 1958 -- 8 Foreign Borrowing, Stabilization, and Developmentalism under the Alessandri Regime -- ALESSANDRI'S PROMISE OF GROWTH AND STABILITY -- THE FIGUEROA MISSION -- FOREIGN LOANS AND FOREIGN INVESTMENT -- ANTECEDENTS TO THE ALLIANCE FOR PROGRESS -- THE COPPER INDUSTRY AND THE TEN-YEAR PLAN -- RESISTANCE TO REFORM AND THE ANTECEDENTS TO THE DEVALUATION OF 1962 -- THE DEVALUATION OF 1962 AND REACTION TO STABILIZATION -- 9 The "Revolution in Liberty" versus the International Financial Institutions -- EDUARDO FREI MONTALVA AND THE PROMISE OF REFORM.

REGIONAL INTEGRATION, THE PARIS CLUB, AND IMF RELATIONS WITH THE FREI REGIME -- REFORMIST DEVELOPMENTALISM VERSUS MONETARISM: FREI AND THE IMF -- THE GRUENING REPORT AND THE RETURN OF INFLATION -- CHILEAN WAGE POLICY AND IMF REACTION -- Conclusions -- COLOMBIA -- CHILE -- Notes -- Bibliography -- ARCHIVES -- PUBLISHED DOCUMENTS -- PUBLISHED WORKS AND DISSERTATIONS -- PUBLISHED WORKS ON CHILE -- PUBLISHED WORKS ON COLOMBIA -- Index -- About the Author.

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