Development Studies

MSc. Development Studies                                                                           

Unit:

International Business and the Less Developed Countries                   

Topic:

Explain the main features and the historical evolution of the debt problem of Less Developed Countries since the early 1970s. Would you say that the problem has now been overcome? 

By: Khinh Sony Lee Ngo

Faculty of Social Science, South Bank University, London. March 1999,

Contents:

1. Introduction      

2. The debt crisis 

3 The World Bank and the IMF: What role? 

4. The IMF-the old and new system of Conditionalities

5. The World Bank and Western Banks  

6. Declining in commodities price, the case of Zambia  

7. Free Trade vs Protectionism     

8. Conclusion & An Agenda for the future 

Notes and References    

Tables

Table 1. Debt and Trade Aggregates for Developing Countries (1978-1985)  

Table 2. Interest Payments, New Borrowing, and “Vulnerability Ratios”   (1978-1985)

Table 3. A net outflow of resources (Brazil is an example) Comparison of Two External Shocks 1974-1986                    

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