International Indebtedness and the Developing Countries

By George C. Abbott

© 2011 – Routledge

314 pages

Purchasing Options:
Hardback: 9780415594370
pub: 2010-11-26
US Dollars$155.00

About the Book

First published in 1979, this study focuses upon two of the major economic problems faced by developing countries: massive foreign debts and the shortage of foreign funds offered on concessional terms for development purposes. The relationship between the two is highlighted in the effect that debt accumulation has on ministering the increase of debt service payments, and to lessen resources for development purposes.The study argues that not only is the impact and implications of these two problems more or less identical for debtor and creditor countries, but that it is the inappropriate techniques of rescheduling and refinancing that have failed to solve the problems of developing countries.The author advances an integrated proposal for using debt relief as an end in itself, - to reduce the level of indebtedness, and as a means to a further end, - to provide additional funds for development.

Table of Contents

1. International Investment and Capital Flows 2. The Flow of Resources 3. The Debt Problem 4. The International Economy and the Developing Countries 5. International Debt Strategy 6. Debts and Development

About the Series

Routledge Library Editions: Development

Routledge Library Editions: Development will re-issue works which address economic, political and social aspects of development. Published over more than four decades these books trace the emergence of development as one of the most important contemporary issues and one of the key areas of study for modern social science.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Development / Sustainable Development
BUSINESS & ECONOMICS / Development / General