Developing Country Debt

Developing Country Debt

Pergamon Policy Studies on Socio-Economic Development

1st Edition - January 1, 1979

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  • Editors: Lawrence G. Franko, Marilyn J. Seiber
  • eBook ISBN: 9781483157849

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Description

Developing Country Debt presents a variety of views and perspectives on the topic of debt in developing countries, with emphasis on the revolutionary effects of the post-1973 OPEC oil prices on the world's economic system. The book shows how the problem of developing country debt has become inexorably intertwined with the successful functioning of the global economic system. This book is comprised of 14 chapters and opens with a historical overview of developing nations' debt before turning to LDC debt since the 1973 OPEC price increases and the developing countries' abilities to carry debt. The myths of debt are also analyzed from a banker's perspective. The next section presents case studies detailing the economic and political conditions of selected countries with substantial debt and varying degrees of economic difficulty, including the Philippines, Jamaica, Turkey, and Peru. The remaining chapters examine alternative proposals for debt relief and place the analysis of developing country debt in a broader, global context. LDC debt is considered from three perspectives: the development needs of LDCs; the safety and soundness of United States banks; and the U.S. national interest. The role of the International Monetary Fund as a lender of last resort is also considered. The final chapter assesses the implications of debt for trade and the prospects for world economic growth. This monograph will be of interest to economists, bankers, politicians, and policymakers.

Table of Contents


  • Foreword

    Preface

    Part I An Aggregate Analysis of Developing Country Debt

    Chapter 1 Historical Perspectives on Developing Nations' Debts

    Chapter 2 A Quantitative Perspective on the Debt of Developing Countries

    Chapter 3 Debt Escalation: Developing Countries in the Eurocurrency Market

    Chapter 4 Loans to LDCs: Five Myths

    Part II Narrowing the Focus: A Case Studies Perspective

    Chapter 5 A Banker's View: Country Analysis

    Chapter 6 The Philippines: Land of the Morning, Child of Debt

    Chapter 7 Finding Jamaica's Way

    Chapter 8 A Compendium of IMF Troubles: Turkey Portugal, Peru, Egypt

    Part III LDC Debt: Solutions and Constraints

    Chapter 9 Alternative Proposals for Debt Relief

    Chapter 10 United States Congressional Restraints: The Ties That Bind

    Chapter 11 The International Monetary Fund and LDC Debt

    Part IV The Problem Redefined

    Chapter 12 Three Windows on LDC Debt: LDCs, The Banks, and The United States National Interest

    Chapter 13 The International Debt of Developing Countries and Global Economic Adjustment

    Chapter 14 Debt, Trade, and the Prospects for World Economic Growth

    Index

    About the Contributors

Product details

  • No. of pages: 324
  • Language: English
  • Copyright: © Pergamon 1979
  • Published: January 1, 1979
  • Imprint: Pergamon
  • eBook ISBN: 9781483157849

About the Editors

Lawrence G. Franko

Marilyn J. Seiber

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