Beyond the Debt Crisis

D. John Shaw

Chapter 7 in International Development Co-operation, 2001, pp 161-168 from Palgrave Macmillan

Abstract: Abstract The effects of the ‘lost decade’ of the 1980s on the Third World have been devastating — more than is usually realized. It will be an almost impossible task for Third World countries to make up for the losses in the coming decades. In this sense, the ‘lost decade’ will be with us for a long time to come. This essay speculates about the long-term trends, both favourable and unfavourable, for Third World countries, and expresses some doubts whether the currently predominant neo-liberal counter-revolution will really serve to lay the foundation of future solid and sustainable growth. A more eclectic and country-specific approach is advocated.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28729-7_8

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DOI: 10.1057/9780230287297_8

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