Abstract
This paper attempts to dispel some current misconceptions about the ‘debt crisis’. It does so in order to emphasise the persistent need for development with debt and hence more effective debt management on the part of debtor and creditor countries alike. If the development momentum is to be regained, misconceptions must be removed and fears allayed.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
For an elaboration see Gerald M. Meier, The Economics of Development, Harper & Row, 1986, pp. 119–30.
Rudiger Dornbusch and Stanley Fischer, ‘Third World Debt’, Science, November 1986, p. 838.
For an elaboration of country risk analysis, see Gerald M. Meier, International Economics, New York and Oxford, Oxford University Press, 1980, pp. 343–8.
Editor information
Editors and Affiliations
Copyright information
© 1989 H. W. Singer and Soumitra Sharma
About this chapter
Cite this chapter
Meier, G.M. (1989). Misconceptions about External Debt. In: Singer, H.W., Sharma, S. (eds) Economic Development and World Debt. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20044-3_3
Download citation
DOI: https://doi.org/10.1007/978-1-349-20044-3_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-20046-7
Online ISBN: 978-1-349-20044-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)