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The New Palgrave Dictionary of Economics pp 13608–13620Cite as

Palgrave Macmillan

Third World Debt

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Abstract

Excessive dependence on foreign savings is a threat. But governments can lead by example by securing fiscal surpluses. As well, appropriate financial sector, tax and other microeconomic policies can help stimulate private domestic savings. Under these conditions, foreign borrowing can be a healthy complement to domestic savings.

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    François Bourguignon

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  1. François Bourguignon
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Bourguignon, F. (2018). Third World Debt. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2840

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