Debt And Disorder: External Financing For Development, 1st Edition (e-Book) book cover

Debt And Disorder

External Financing For Development, 1st Edition

By John Loxley

Routledge

228 pages

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eBook (VitalSource) : 9780429040542
pub: 2019-03-13
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Description

One of the most important and controversial challenges feeing the international financial and trading system is the need for developing countries to meet their high and rapidly growing external debt obligations and foreign exchange requirements. Developing countries have suffered major shocks in the form of global recession, high real interest rates, weakened terms of trade, and rising protectionism against their exports. The International Monetary Fund, the World Bank, Western central banks, and private financial institutions are seeking to avoid a collapse of the international financial system, and developing countries are seeking to grow through increased trade and access to external financing. Yet the fragility of current international trade and monetary systems seriously threatens the achievement of both sets of objectives. Professor Loxley integrates the structural adjustment experience of Third World countries with the policies, practices, and relationships of external financial agents in his discussion of options for reforming policy and of the limitations inherent in implementing these reforms.

Table of Contents

1 The Nature and Origins of Economic Instability in the Third World, 2 Domestic Policies of Stabilization and Adjustment, 3 Transnational Bank Finance and Structural Adjustment in Third World Countries, 4 The International Monetary Fund , 5 The World Bank and Structural Adjustment, 6 Aid and the Economic Crisis, 7 Future Directions

About the Author

John Loxley

Subject Categories

BISAC Subject Codes/Headings:
SOC000000
SOCIAL SCIENCE / General
SOC026000
SOCIAL SCIENCE / Sociology / General