The Foreign Debt/National Development Conflict: External Adjustment and Internal Disorder in the Developing Nations

by Chris C. Carvounis

Overview

Carvounis reviews the debt-servicing problems of developing countries, focusing on the experience of nine cases, mostly in Latin America. He stresses the adverse impact on the development prospects of these countries resulting from the adjustment policies that they have been required to pursue. Carvounis criticizes the current austerity-oriented approach to restoring orderly debt-servicing, maintaining that his emphasis is leading to severe economic, political, and social problems within these countries. He argues that the economic capacity and political will of borrowing countries to continue this route is dissipating.
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Product Details

ISBN-13:	9780899301556
Publisher:	Bloomsbury Academic
Publication date:	09/23/1986
Pages:	274
Product dimensions:	6.00(w) x 9.00(h) x 0.75(d)

Table of Contents

Table 1 Developing-Country Terms of Trade, 1980–86
Table 2 Current Account Impact of Declining Oil Prices and Interest Rates on Six Indebted Developing Countries
Table 3 Developing-Country Balance on Current Account, 1980–86
Table 4 Seven Indebted Latin Nations: Balance on Current Account, 1983–85
Table 5 Seven Indebted Latin Nations: Trade Performance, 1983–85
Table 6 Developing-Country Import Volumes, 1980–86
Table 7 Developing-Country Export Volumes, 1980–86
Table 8 Indebted Developing Nations Gross External Debt, 1980–86
Table 9 Seven Indebted Latin Nations: Total External Debt, 1983–85
Table 10 Indebted Developing-Country Ratio of External Debt to Export of Goods and Services, 1980–86
Table 11 Developing-Country Use of IMF Credit, 1980–86
Table 12 Indebted Developing-Country Net External Borrowing and Net Commercial Borrowing, 1980–86
Table 13 Developing-Country Growth of Real Gross Domestic Product, 1980–86
Table 14 Seven Indebted Latin Nations Growth of Real Domestic Product, 1983–85
Table 15 Developing-Country Gross Capital Formation, 1980–84
Table 16 Six Indebted Latin Nations Investment Ratio, 1981/1983
Table 17 Developing-Country Changes in Consumer Prices, 1980–86
Table 18 Seven Indebted Latin Nation Inflation Rates, 1983–85
Table 19 Developing-Country Changes in Broad Money Aggregates, 1980–84
Table 20 Developing-Country Central Government Fiscal Balance, 1980–84