Growth and External Debt Management [Hardcover]

Hans Wolfgang Singer (Author), Soumitra Sharma (Editor)

Book Description

ISBN-10: 0312028121 | ISBN-13: 978-0312028121 | Publication Date: October 1989

The decades of the 1950s and 1960s saw a period of global expansion of production and trade, full employment and little inflation in the industrialized countries, conditions which encouraged developing countries to borrow heavily on the world's financial markets. However, the decade of the 1970s saw a breakdown and disintegration in international trade, during which time developing countries continued their growth, even in the face of serious recession. Their investments fell to levels at which even minimal replacement could no longer occur in important sectors of the economy. The editors of this text believe that in some developing countries, the severity of a prolonged economic slump has led to living conditions worse than those of the Great Depression. This volume contains a series of 21 papers presented at the International Conference of Economists, held at the University of Zagreb, Yugoslavia, which had been convened to discuss international debt management policies. The contributors examined policy issues of macro-economic management and offered general and overall approaches to the debt and growth problems of the 1980s. The general consensus of the conference was that the major task of debt management in the 1990s will be to keep the size of debts within serviceable limits, or, if a major financial crisis does occur, to manage it by rescheduling existing debts on concessional terms.

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Product Details

• Hardcover: 279 pages
• Publisher: Palgrave Macmillan (October 1989)
• Language: English
• ISBN-10: 0312028121
• ISBN-13: 978-0312028121
• Product Dimensions: 9.8 x 6.8 x 0.8 inches
• Shipping Weight: 1.3 pounds
• Amazon Best Sellers Rank: #10,864,347 in Books (See Top 100 in Books)