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.
General
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