Abstract
One of the arguments put forward to support the claim that an unfavourable world economic environment is impeding effective structural adjustment in developing countries is the premise that the flow of resources to indebted developing countries is not only insufficient but also declining and has actually been negative for some years. This leads to the demand for a politically guaranteed positive transfer of resources. Is this demand justified?
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References
OECD: Financing and External Debt of Developing Countries, Paris 1988.
See International Monetary Fund: World Economic Outlook, October 1989.
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The article relates to a report recently produced by the Ifo-Institut for the German Federal Ministry for Economic Affairs. See R. Osterkamp and A. J. Halbach: Strukturanpassung in Entwicklungsländern und flankierende Maßnahmen der Industrieländer, Munich 1990, to be published shortly in the series ifo-Studien zur Entwicklungsforschung. The views expressed are those of the author and not necessarily those of the Federal Ministry for Economic Affairs.
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Osterkamp, R. Is there a transfer of resources from developing to industrial countries?. Intereconomics 25, 242–247 (1990). https://doi.org/10.1007/BF02933656
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DOI: https://doi.org/10.1007/BF02933656