Foreign Debt/National Development Conflict

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A01=Chris C. Carvounis
Author_Chris C. Carvounis
Category=KCL
Category=KCM
Economics: International
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction

Product details

  • ISBN 9780899301556
  • Publication Date: 23 Sep 1986
  • Publisher: Bloomsbury Publishing Plc
  • Publication City/Country: US
  • Product Form: Hardback
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Carvounis reviews the debt-servicing problems of developing countries, focusing on the experience of nine cases, mostly in Latin America. He stresses the adverse impact on the development prospects of these countries resulting from the adjustment policies that they have been required to pursue. Carvounis criticizes the current austerity-oriented approach to restoring orderly debt-servicing, maintaining that his emphasis is leading to severe economic, political, and social problems within these countries. He argues that the economic capacity and political will of borrowing countries to continue this route is dissipating.

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rvounis /f Chris /i C.

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