Developments in the international monetary order and world trade have profoundly affected the Latin American region. In recent years Latin America has experienced varying degrees of financial distress. Although progress has been made in easing the most immediate aspects of the foreign debt burden, it is clear that a medium-term strategy for restructuring and rehabilitating the economies of the region is in order. This book is a collection of papers presented at the International Conference on World Trade-Monetary Order and Latin America. This was the third conference organized by the Permanent Advisory Committee on Eurodollars (P.A.C.E.) in cooperation with the Latin American Council of Schools of Administration (CLADEA).