Sword of Damocles

JON V. KOFAS is Professor of History, Social and Behavioral Sciences, Indiana University, Kokomo, Indiana. He is the author of Foreign Debt and Underdevelopment: U.S.-Peru Relations, 1950-1970, The Struggle for Legitimacy: Latin American Labor and the United States, 1930-1960, and Intervention and Underdevelopment: Greece During the Cold War.

• Introduction The Latin America Setting Prolegomena to the Debt Crisis: From Bretton Woods to the Alliance for Progress Colombia International Financial Relations during the Authoritarian Era, 1950-1958 Foreign Borrowing and Developmentalism under the National Front International and Domestic Politics of Austerity under Valencia Twilight of Reformist Developmentalism: Stabilization and Monetarism under Lleras Restrepo Chile Chile's Struggle for Financial Stability: Monetarism and Beyond Hyperinflation under Ibanez, the Multilateral Banks, and U.S. Foreign Policy Foreign Borrowing, Stabilization, and Developmentalism under the Alessandri Regime The "Revolution in Liberty" vs. the International Financial Institutions Conclusions Bibliography Index

"Based on hitherto unused archival sources, this timely book traces for the first time the complete history of World Bank and IMF-sponsored economic stabilization plans in Colombia and Chile in the 1950s and 1960s. It also unveils the global methodology whereby multilateral lending agencies, the U.S. Treasury and State Departments, and the foreign commercial banks have operated in postwar Latin America." Raul Garcia Heras, Assistant Professor, University of Buenos Aires Senior Research Fellow, Conicet