The developing countries’ foreign debt in the last twenty years

Maria Cipollina

QA - Rivista dell'Associazione Rossi-Doria, 2007, issue 3

Abstract: In the last years of the 20th century numerous organizations proposed debt forgiveness policy as a radical solution to the foreign debt crises in the developing countries. Today, economists are seriously engaged in analysis of the impact of debt forgiveness on the economic growth of the poor countries. This paper examines the foreign debt problem and describes economic growth models in order to explain how debt forgiveness helps badly indebted poor economies to achieve higher economic growth rates.

Keywords: Debt Crises; Debt Forgiveness; Economic Growth; Foreign Debt (search for similar items in EconPapers)
JEL-codes: F59 H50 O40 (search for similar items in EconPapers)
Date: 2007

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Persistent link: http://EconPapers.repec.org/RePEc:rar:journl:0060

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