Development through debt: Rationalizing the costs of external borrowing

Enamidem U. Ubok-Udom

Intereconomics – Review of European Economic Policy (1966 - 1988), 1979, vol. 14, issue 4, 168-171

Abstract: Mounting external indebtedness has become a major problem for many developing countries. This may be not least a result of the fact that economists and policy-makers have tended to emphasize the benefits to the recipient countries of external borrowing to the neglect of its costs.

Keywords: Capital; Transfer (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:inteco:139618

DOI: 10.1007/BF02924273

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