Developing Country Debt and the World Economy : National Bureau of Economic Research Project Report - Jeffrey D. Sachs

Developing Country Debt and the World Economy

By: Jeffrey D. Sachs (Editor)

Paperback | 15 October 1991 | Edition Number 1

At a Glance

Paperback


$90.75

or 4 interest-free payments of $22.69 with

 or 

Aims to ship in 15 to 25 business days

When will this arrive by?
Enter delivery postcode to estimate

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 have 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 been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability.
"Developing Country Debt and the World Economy" contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries.
Studies of eight countries--Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey--explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors--a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis.

More in Accounting & Finance

Sort Your Property Out : And Build Your Future - John Pidgeon
The Barefoot Investor : Classic Edition, Revised and Updated - Scott Pape
Financial Accounting : 9th Edition - Craig Deegan

RRP $155.95

$143.75

She's on the Money : Take Charge of Your Financial Future - Victoria Devine
Technofeudalism : What Killed Capitalism - Yanis Varoufakis

RRP $24.99

$23.75

The Algebra of Wealth : A Simple Formula for Success - Scott Galloway
The Trading Game : A Confession - Gary Stevenson

RRP $36.99

$33.25

10%
OFF
The Intelligent Investor Third Edition - Benjamin Graham

RRP $36.99

$33.25

10%
OFF
A History of Central Banking and the Enslavement of Mankind - Stephen Mitford Goodson
The Richest Man in Babylon - George S. Clason