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The Foreign Debt/National Development Conflict: External Adjustment and Internal Disorder in the Developing Nations
Hardcover
ISBN13: 9780899301556
Publisher: Praeger
Published: Sep 23 1986
Pages: 274
Weight: 1.26
Height: 0.75 Width: 6.00 Depth: 9.00
Language: English
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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