Abstract
The phenomenon of indebtedness in the present-day world economy seems to be a new and important element of international economic relations. It has become grave since 1974. In the years 1974–84 the medium- and long-term debts in the world increased almost tenfold from $70bn in 1970 to $687bn in 1984.
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Notes
World Bank: World Development Report 1985, Oxford University Press 1986, pp. 2–5.
USIA (1987) Economic Impact (Washington, DC) no. 1, p. 3o.
World Bank, World Development Report 1985, p. 39.
See J. Kirkpatrick’s article in The Washington Post 21 July 1986, and R. Dornbusch’s article in the same newspaper, 27 August 1986.
Another conception of this kind is presented by J. D. Robinson III. For details see the American Express Bank Review, Special Papers, no. 13, March 1988.
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© 1989 H. W. Singer and Soumitra Sharma
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Jasinski, B. (1989). Debt Globalisation for its Management. In: Singer, H.W., Sharma, S. (eds) Growth and External Debt Management. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10944-9_3
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DOI: https://doi.org/10.1007/978-1-349-10944-9_3
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