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Hardcover Developing Country Debt and Economic Performance, Volume 1: The International Financial System Book

ISBN: 0226733327

ISBN13: 9780226733326

Developing Country Debt and Economic Performance, Volume 1: The International Financial System

For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries has intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has...

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