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adopted alternative Argentina basic cause Brady Plan Brazil budget deficit Cardoso Chile Collor Plan Colombia concept confidence-building strategy current expenditures debt crisis debt reduction dependency theory developed countries development strategy distorted Dornbusch economic policies economic populism economic reforms Economico existing in Latin export Fanelli Fernando finance fiscal adjustment fiscal crisis fiscal discipline fiscal-crisis approach foreign debt Frenkel frontal attack gradual confidence-building Helwege hyperinflation import substitution strategy income increasing indiscipline industrial inertial inflation inflation interest internal interpretation of Latin intervention Jeffrey Sachs Kagami Latin America Latin American countries Latin American crisis Latin American development market coordination market oriented reforms market-oriented Market-State Coordination Mexico national-developmentalism national-developmentalist negative public savings neo-liberal approach overcome particularly Peru political populist private sector problem public debt public deficit public investments reduce resume Rogerio Rozenwurcel 1990 Sachs seignorage social democratic approach state-owned enterprises strategic role structural reforms trade liberalization Venezuela views Washington consensus World Bank