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Books > Social sciences > Sociology, social studies > Social issues
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Debt and Disorder - External Financing for Development (Hardcover)
Loot Price: R3,889
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Debt and Disorder - External Financing for Development (Hardcover)
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One of the most important and controversial challenges feeing the
international financial and trading system is the need for
developing countries to meet their high and rapidly growing
external debt obligations and foreign exchange requirements.
Developing countries have suffered major shocks in the form of
global recession, high real interest rates, weakened terms of
trade, and rising protectionism against their exports. The
International Monetary Fund, the World Bank, Western central banks,
and private financial institutions are seeking to avoid a collapse
of the international financial system, and developing countries are
seeking to grow through increased trade and access to external
financing. Yet the fragility of current international trade and
monetary systems seriously threatens the achievement of both sets
of objectives. Professor Loxley integrates the structural
adjustment experience of Third World countries with the policies,
practices, and relationships of external financial agents in his
discussion of options for reforming policy and of the limitations
inherent in implementing these reforms.
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