The Latin American region is prone to economic shocks which tend to derail development efforts and introduce insecurity into economic planning. This book, the sixth in the "Forum on Latin American Perspectives" series, brings together the views of Latin American and other, especially European, specialists. The conclusions suggest that there are policy responses in a number of areas which can be applied to minimize the effects of volatility. These areas are identified and recommendations are made about which responses are likely to be most appropriate.