There are substantial opportunities and risks in establishing a
successful business in developing countries. Financial and economic
risks of doing business with developing countries, manifested in
World Debt Crisis, require careful examination before a business
venture is attempted. The book provides thorough historical
information about LDCs' economies and causes of their indebtedness.
The most recent data regarding economic performance, indebtedness,
and infrastructure, of LDCs are presented as well. The book should
prove useful to those considering business in developing countries
and to scholars studying economic development and international
business and finance.
Written without an extensive use of sophisticated models and
jargon, the book is accessible to both academic and nonacademic
readers. The book consists of four parts. The first part focuses on
defining LDCs and analyzing their stages of economic development.
The second part presents two background chapters to aid the reader
to put LDCs into an economic and historical context. Part III
examines the World Debt Crisis and its effects on developing
countries and implications for business in these countries. The
final part of the book develops a strategic planning model to
assist businesses in deciding whether to do business in indebted
LDCs and once the decision is made to guide implementation of
business plans. Infrastructure is critical to the success of
prospective business enterprise. An appendix presents the most
recent and detailed information about infrastructure in LDCs along
with an index developed to serve as a quantitative guide to the
availability of infrastructure. The book also contains appendices
that present detailed data on relevant financial and economic
variables in developing countries and an annotated
bibliography.
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