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Author : David L. Bender
Publisher : Greenhaven Press, Incorporated
Page : 66 pages
File Size : 47,5 Mb
Release : 1989
Category : Debt relief
ISBN : PSU:000016062092
Presents opposing viewpoints on various economic, social, and humanitarian issues involving the developing countries of the Third World.
Author : Helen B. O'Neill
Publisher : Psychology Press
Page : 164 pages
File Size : 49,6 Mb
Release : 1990
Category : Business & Economics
ISBN : 0714634093
First Published in 1990. Routledge is an imprint of Taylor & Francis, an informa company.
Author : Martin Dent,Bill Peters
Publisher : Routledge
Page : 265 pages
File Size : 53,7 Mb
Release : 2019-05-23
Category : Business & Economics
ISBN : 9780429687440
First published in 1999, this volume, the first to be published in on Jubilee 2000, describes the plight of 52 of the poorest nations in the world and puts in detail the case for radical cancellation of past inert debt. The cost and benefit of this remission and the groundbreaking concordat of peoples and governments that could accompany it are examined in detail. It contains critiques of the economic bases of the World Bank and IMF approaches to debt management in developing economies, as manifested in structural adjustment programmes and their maintenance, misuse of excess reserves and the methods used to carry out restructuring and development projects. The British anti-slavery campaign saw a mobilisation of public opinion for a great cause. Using this as a source of inspiration, public opinion must again be mobilised for what amounts to the greatest opportunity for justice, compassion and forgiveness facing us all at the beginning of a new millennium.
Author : Yanhui Zhang
Publisher : GRIN Verlag
Page : 15 pages
File Size : 52,7 Mb
Release : 2005-05-19
Category : Political Science
ISBN : 9783638379328
Seminar paper from the year 2003 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,3, University of Northampton, course: Global Political Economy, 26 entries in the bibliography, language: English, abstract: [...] In the 1970s, the world trade framework provided possibilities and opportunities for poor economies to grow. However, the harsh reality of poverty in those new independent nations was the main obstacle for any development. Their economic conditions suggested that borrowing money and gaining foreign aids were reasonable courses in the 1970s. In the meantime, the ex-colonial powers began rising awareness of remaining their influence over their past conquests. Considering of remaining economic dependency, western countries showed great willingness of lending money to poor nations. The result was an unprecedented flow of sources from the developed countries to the developing world. A large proportion of sources were in form of loans and international aids from commercial banks and western governments. Many developing countries had very large debts, and the amount of money they owed was quickly increasing. In 1982, Mexico came finally to the brink of default on its foreign debt. The critical situation marked the beginning of the “Third World Debt Crisis”. In 1970, the fifteen heavily indebted nations (using the World Bank classification of 1989) had an external public debt of $17.923 billion – which amounted to 9.8% for their GNP. By 1987, these same nations owed $402.171 billion, or 47.5% of their GNP. Interest payments owed by these countries went from $2.789 billion in 1970 to $36.251 billion in 1987. In 1991, the developing world as a whole owed a total external debt of $1.362 trillion, or 126.5% of their total exports of goods and services that year (Ferraro, V. & Rosser, M., 1994). Trying to pay off the debt became a serious problem for these countries. The nature and terms as well as the political conditions with them caused great hardship for their people. The debt crisis in the third world is highly linked to the issues of western policies, interest rates, export values and confidence in the international banking system. The crisis is thus an international phenomenon and to understand it fully needs a global perspective. This paper will examine the origins of the debt crisis in the third world in the first part and the consequences in the second part. The third part will give solutions and recommendations followed by conclusion in the fourth part.
Author : Hossein Askari
Publisher : Development Centre of the Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Centre
Page : 120 pages
File Size : 52,6 Mb
Release : 1991
Category : Chile
ISBN : UCSD:31822007938624
Author : Damien Millet,Eric Toussaint
Publisher : Zed Books Ltd.
Page : 164 pages
File Size : 49,6 Mb
Release : 2013-04-04
Category : Business & Economics
ISBN : 9781848138025
Using 50 questions and answers, this book explains the debt impasse for developing countries in a simple but precise manner. It details the roles of the various actors involved, the mesh in which indebted countries are caught, the possible scenarios for getting out of the impasse, and the various alternatives to future indebtedness. It also sets out the various arguments - moral, political, economic, legal and environmental - on which the case for a wholesale cancellation of developing countries‘ external debt rests. It replies to the range of possible objections and proposes new ways of financing development at both local and international level.
Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 42,9 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author : Anonim
Publisher : Unknown
Page : 6 pages
File Size : 52,5 Mb
Release : 1988
Category : Debts, External
ISBN : MINN:31951002963367B
Author : Edward R. Fried,Philip H. Trezise
Publisher : Brookings Institution Press
Page : 129 pages
File Size : 49,6 Mb
Release : 2010-12-01
Category : Political Science
ISBN : 9780815719847
This volume is the record of a conference held in March 1989 that centered on a departure from the basic U.S. policy toward the long-standing problem of third world debt.Secretary of the Treasury Nicholas Brady took the occasion of the conference to announce that officially sponsored reduction of debt principal and debt interest should henceforth be an integral part of debt strategy. Promptly labeled the Brady Plan, the secretary's statement has since been the subject of extensive debate at home and abroad. Now that it has been given official sanction, debt service reduction has become an inescapable feature of the ongoing effort to manage and resolve the debt problem. This volume considers the implications of introducing debt and debt service reduction into the preexisting menu of policies and, more specifically, to suggest the conditions under which it can be expected to hasten the removal of the third world debt problem from the international economic agenda.
Author : David Malin Roodman
Publisher : Unknown
Page : 94 pages
File Size : 48,7 Mb
Release : 2001
Category : Business & Economics
ISBN : UOM:39015053177278
Author : Seamus O'Cleireacain
Publisher : Praeger
Page : 272 pages
File Size : 47,7 Mb
Release : 1990-01-16
Category : Business & Economics
ISBN : STANFORD:36105038621962
This comprehensive study traces the evolution of the international debt crisis from its beginnings in the early 1970s to the present. The author uses a sample of 24 major borrower and heavily indebted countries to explore the economic forces within developing countries and the external conditions which led to the build-up of serious debt and their subsequent inability to carry it. He focuses attention on the changing roles of multilateral lending agencies such as the IMF and the World Bank and examines the role played by U.S., European, and Japanese commercial banks in creating conditions which led to unsustainable levels of debt among Third World borrowers. Finally, O'Cleireacain details the changing attitude of the U.S., from the early approaches of the Reagan administration through Brady Plan initiatives of the Bush administration. Scholars in development economics and international finance will find O'Cleireacain's work an important contribution to current debates over the causes of and policy responses to the mounting Third World debt crisis. In his discussion on the role of multilateral lending agencies, O'Cleireacain analyzes the lending policies of the IMF, the changing nature of IMF conditionality, and the relations between debtor countries and the IMF. By examining the appropriate role of private sector capital flows--which to some extent compete with lending flows available from the IMF and the World Bank--the author places the debt crisis in a wider international public policy context. He concludes that private lending by commercial banks is one of the fundamental causes of the crisis as borrowers have turned to them to avoid the watchdog role of the established multilateral lending agencies. Based on his extensive study of the sample countries, O'Cleireacain calls for the use of IMF and World Bank-endorsed development strategies which require external financing but use exports to generate the foreign exchange to service foreign debt. An appendix listing U.S. Treasury and Federal Reserve support operations for debtor nations, a bibliography, and an index complete the volume.
Author : Mary R. McCarthy
Publisher : Unknown
Page : 154 pages
File Size : 46,5 Mb
Release : 1994
Category : Debt relief
ISBN : PSU:000022972132
Author : Adjunct Professor at School of International and Public Affairs Chris Jochnick,Chris Jochnick,Fraser A. Preston,Fraser A.. Preston,Oxford University Press
Publisher : Oxford University Press on Demand
Page : 353 pages
File Size : 48,5 Mb
Release : 2006-04-13
Category : Business & Economics
ISBN : 0195168003
This is a comprehensive overview of the problems associated with Third World debt and describes new and practical approaches to overcoming them. As contributions come from leading thinkers across a range of disciplines, the text offers a timely guide for understanding and influencing the debt debate.
Author : Soumitra Sharma,H.W. Singer
Publisher : Springer
Page : 455 pages
File Size : 51,5 Mb
Release : 1989-07-03
Category : Business & Economics
ISBN : 9781349200443
The papers presented here were first given at the International Conference of Economists at the University of Zagreb in Yugoslavia. The book contains a rare selection of divergent theoretical and practical views on the acute problem of international debt and its repercussions on world economic growth at large and the developing countries in particular.
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and Monetary Policy
Publisher : Unknown
Page : 348 pages
File Size : 53,8 Mb
Release : 1989
Category : Debt relief
ISBN : LOC:00020458215