International Trade, Protectionism and Third World Debt

Ratan Lal Goel

Chapter 8 in Economic Development and World Debt, 1989, pp 79-85 from Palgrave Macmillan

Abstract: Abstract There is no denying the fact that the rich world and its supported international financial institutions did not come to the rescue of developing countries and they allowed the debt of these countries to accumulate. The pressure forcing for more commercial borrowing by reducing the flow of aid and concessional lending to these countries, opened the doors of the debt trap for them.

Keywords: Advanced Country; Foreign Debt; Export Earning; Debtor Country; International Financial Institution (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_8

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DOI: 10.1007/978-1-349-20044-3_8

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