A Comparative Study of the Economic Development and Debt Problem of Asian and Latin American NICs

Kiyoshi Abe

Chapter 31 in Economic Development and World Debt, 1989, pp 413-421 from Palgrave Macmillan

Abstract: Abstract There is basically nothing wrong in borrowing, because this was the pattern common to now advanced, former developing countries. Both Asian and Latin American NICs, intent on industrialisation helped by foreign borrowing, had shown rapid growth through the 1970s. Debt-dependent growth patterns had been more or less common to both, but had not yet posed any serious problem. The world of the 1970s had seen the two oil shocks and the boom of primary products.

Keywords: Foreign Capital; External Debt; Current Account Deficit; Export Promotion; Capital Flight (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_31

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DOI: 10.1007/978-1-349-20044-3_31

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