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Debt Reduction and Development: The Case of Mexico

Debt Reduction and Development: The Case of Mexico

Hardcover

EconomicsInvesting & FinanceGeneral Racism & Ethnic Studies

ISBN10: 0275942139
ISBN13: 9780275942137
Publisher: Praeger
Published: Jan 26 1993
Pages: 240
Weight: 1.11
Height: 0.56 Width: 6.14 Depth: 9.21
Language: English

This study provides an in-depth analysis of the external debt problem of a country--Mexico--that allegedly faces a debt overhang, which inhibits long-term growth-oriented investment. Issues facing the debtor nation and its commercial bank creditors are simultaneously examined in order to move closer towards an understanding of the situation of debt-distressed developing countries. The need to address these issues on a case-by-case basis is emphasized, opposed to a global approach to solving the debt crisis presently recommended by some.

Not only does this work provide a survey of the theoretical literature on the international debt crisis it also provides a way of incorporating simultaneously the concerns of the opposing sides--debtor nations and creditor banks. It will be of interest to economists and policy-makers in international finance and trade and development economics.

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