Books by Jorge Salazar-Carrillo

Looking at how Latin American countries have coped with the 1994 Mexican crisis and the earlier debt crisis of the 1980s, this book reveals the full extent of what has come to be known as the tequila effect.

In it, Salazar-Carrillo provides estimates that have not been published previously on the Venezuelan economy in general, and the oil component in particular. Evolution of the oil industry in Venezuela is covered in detail and the concept of the retained value of oil expenditures and tnvestment is developed.

An understanding of price structures and their impact on trade, productivity, and other related factors will aid in formulation of price policies promoting economic growth and development.

Looking at the economic distress which pervades countries of Latin America and the Caribbean, this book considers the role which foreign investment can play in the reactivation of these economies, many of which have experienced a steadily deterioration of the importance of foreign investment, but it is not seen as a short-term panacea that can alleviate the financial stringencies facing Latin America; it must be seen in the context of an effort to increase internal savings and to assure greater efficiency of investment, which are the essential immediate objectives that would allow Latin America to resume economic growth and, at the same time, repay its external debt.