The Problem of the Debt in Developing Countries
Béla Balassa
Abstract
Béla Balassa
Abstract
The problems associated with their growing foreign indebtedness have been in the focus of public discourse about the developing countries in recent years. The discussion has concerned the ability of these countries to service their external debt, the policies they may adopt to improve their debt situation, and the measures that may be taken by the international community to reduce the chances of future debt crises. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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The problems associated with their growing foreign indebtedness have been in the focus of public discourse about the developing countries in recent years. The discussion has concerned the ability of these countries to service their external debt, the policies they may adopt to improve their debt situation, and the measures that may be taken by the international community to reduce the chances of future debt crises. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Key concepts: Debt, External debt, Developing country, Debt service coverage ratio, Developed country, Internal debt, International community, Economics