The UN Development Decade and the World Debt Problem

Jakov Sirotković

Chapter 11 in Economic Development and World Debt, 1989, pp 129-134 from Palgrave Macmillan

Abstract: Abstract The problem of international debts is, no doubt, the most important issue that the world economy is faced with. It is a hallmark of the deep crisis, that is progressive in character, and generally referred to as ‘the debt crisis’ by many economists and politicians. International debts have reached a level that endangers economic development in the whole world, and nowadays they have hit hard developing countries, especially the poorest ones. They pose a gigantic menace to the development processes of developed and developing countries alike. Since the debt crisis might very quickly create a general crisis all around the globe, a speedy solution to the problem of the world economy is required.

Keywords: Budget Deficit; Debt Crisis; Development Decade; Special Drawing Right; Monetary Reserve (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20044-3_11

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DOI: 10.1007/978-1-349-20044-3_11

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