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Projecting Debt Servicing Capacity of Developing Countries

Published online by Cambridge University Press:  06 April 2009

Gershon Feder ,
Richard Just  and
Knud Ross
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Extract

Analysis of the growth record of many economies indicates that foreign capital is an important factor in the process of economic development. For many developing countries, a continuing flow of foreign funds is necessary if desired growth targets are to be achieved. These funds are most likely to be in the form of loans rather than grants. This link between economicdevelopment and debt accumulation manifested itself in the enormous growth of less developed countries’ (LDCs) external indebtedness in recent years, especially after the oil crisis of 1973.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 16 , Issue 5 , December 1981 , pp. 651 - 669
Copyright
Copyright © School of Business Administration, University of Washington 1981

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References

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