Development and the Debt Trap

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A01=Andrzej Krassowski
administration
African economic history
Author_Andrzej Krassowski
Average Real Gdp
borrowing
busia
Calendar Year Basis
case
Cast
Category=GTP
Category=KCM
CCP
Central Government
Cocoa Market
Cocoa Marketing Board
creditor debtor relations
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
external
external borrowing impact Ghana
Ghana Economy
ghana's
Ghana's Debt
IMF
Import Licensing System
international finance
investment
macroeconomic policy analysis
Medium Term Credits
Medium Term Debt
Nkrumah Era
NLC.
Overburdening
postcolonial economics
public
Real Gdp
short
Small Coat
sovereign debt crisis
State Farms Corporation
term
Total Gdp
UAR
UGCC
United Gold Coast Convention
Volta Project
West Germany

Product details

  • ISBN 9780415592826
  • Weight: 490g
  • Dimensions: 156 x 234mm
  • Publication Date: 26 Nov 2010
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Ghana is one of the earliest and most serious examples of the build up of foreign debt by a developing country to support its policies for economic growth. This study, first published in 1974 in conjunction with the Overseas Development Institute, analyses Ghana’s economy over twenty years and highlights the problems of the debtor/creditor relationship between developed and developing countries.

The study concludes with an assessment of the creditors’ contribution to Ghana’s critical debt position through their readiness to supply funds without adequately analysing the viability of the programmes they supported and through the repayment and interest terms they offered – terms which were too heavy for Ghana to meet.

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