Debt Reduction and Development: The Case of Mexico

By Sudarshan Gooptu

This study provides an in-depth analysis of the external debt problem of a country--Mexico--that allegedly faces a debt overhang, which inhibits long-term growth-oriented investment. Issues facing the debtor nation and its commercial bank creditors are simultaneously examined in order to move closer towards an understanding of the situation of debt-distressed developing countries. The need to address these issues on a case-by-case basis is emphasized, opposed to a global approach to solving the debt crisis presently recommended by some.

Not only does this work provide a survey of the theoretical literature on the international debt crisis it also provides a way of incorporating simultaneously the concerns of the opposing sides--debtor nations and creditor banks. It will be of interest to economists and policy-makers in international finance and trade and development economics.

• Format: Hardcover
• Language: English
• ISBN: 0275942139
• ISBN13: 9780275942137
• Release Date: January 1993
• Publisher: Praeger
• Length: 240 Pages
• Weight: 1.11 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"