Method of Developing Countries’ Indebtedness

Angelica BACESCU – Carbunaru
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Angelica BACESCU – Carbunaru: The Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2018, vol. 66, issue 1, 3-9

Abstract: The paper begins with the author’s concern that the world has reached the limits of the planet’s resources, which was continuously stressed due to increasing world population growing rapidly and the question what we will do in 2050 when the population is expected to reach 9 billion people. Also in circumstances of deteriorating global and division world’s poor countries and countries in the developing world, we have outlined two methods of enslavement of any nation without economic power, without resources and without military power: the sword method that today is not embraced and indebtedness occurred in the twentieth century method, which is suitable for resource countries who are lured to appeal to international financial organizations. Following amassing huge debts, these countries are forced to sell more and more international companies and embrace economic slavery, the indebtedness is the weapon used to enslave society and the interest is the main ammunition, defending such economic killers. In this respect we analyze Romania’s trade balance, the indebtedness of the country, the evolution of GDP and investments generated by reducing active population, the employed population, the employment rate and increased unemployment, compared with more developed countries in the European Union. Given the serious indebtedness of Romania, there are also analyzed comparatively country’s foreign debt, foreign trade balance deficit generated by public debt. As a result of the matters described above, there are analyzed macroeconomic imbalances generated by gigantic oversized loans, which ultimately led to the collapse of production and worsening living conditions of the population.

Keywords: the indebtedness method; method by sword; debtor countries; economic slavery; economic assassins; macroeconomic imbalances (search for similar items in EconPapers)
JEL-codes: E02 E52 F54 H63 H68 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:66:y:2018:i:1:p:3-9

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