Reveals how to tap the money available for small businesses, research and development programs, commercial real estate, buying a home, education, and independent research

Under what conditions should grants be preferred to loans? To answer this question, we present a simple model à la Krugman (1988) and show that, for any given level of developmental assistance, the optimal degree of loan concessionality is positively associated with economic growth if countries are poor, have bad policies, and high debt obligations. We then test our model by estimating a modified growth model for a panel of developing countries, and find evidence supporting our predictions. Finally, we assess the determinants of current aid allocations and find that the degree of concessionality is negatively correlated with countries' levels of development.

**** The 1993 edition is cited in ARBA 1995. A handbook that provides socioeconomic and market-trend data for the major consumer markets of Latin America, primarily in the form of statistical tables. Section 1 examines factors driving the Latin American economy, and considers the relative strengths of each country as a potential consumer market. Section 2 presents a series of regional marketing parameters, while Section 3 provides a comparative overview of consumer markets for the whole region. Sections 4 to 11 deal with individual countries (Argentina, Brazil, Chile, Colombia. Ecuador, Mexico, Peru, Venezuela), presenting data under a series of standard headings, and moving from background parameters, such as demographics and economic indicators, to consumer market data for a range of products. Distributed by Gale Research. Annotation copyright by Book News, Inc., Portland, OR