Description - Alternative Solutions of Developing Country Debt Problems by Rudiger Dornbusch
Seventeen developing countries owe a total of $1.3 trillion to commercial banks, the International Monetary Fund and the World Bank. A booming world economy or a series of drastic domestic reforms might enable these countries to meet their obligations, but neither appears on the horizon. What should - or can - the debtor nations, the creditor nations, the IMF and the World Bank do in the face of this crisis? Recognized experts offer their thoughts on developing-country debt problems.
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