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Foreign Loans and Economic Performance: The Experience of the Less Developed Countries

Foreign Loans and Economic Performance: The Experience of the Less Developed Countries

Hardcover

EconomicsInvesting & Finance

ISBN10: 0275912353
ISBN13: 9780275912352
Publisher: Praeger
Published: Jul 15 1984
Pages: 156
Weight: 0.88
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English
Scholars and many practitioners in the fields of finance and economics now agree that the ultimate objective of financing, whether debt or equity, is to maximize wealth. This paradigm should hold true whether it applies to financing of a micro-entity like a company, or a cacro-entity like a country. Drawing on such a premise, this book examines whether debt financing in the form of foreign loans has led to more wealth in the case of the less developed countries.

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