LEADER 05765nam 2200673Ia 450 001 9910777045403321 005 20230210225530.0 010 $a1-281-22402-2 010 $a9786611224028 010 $a0-226-73323-8 024 7 $a10.7208/9780226733234 035 $a(CKB)1000000000412798 035 $a(EBL)408233 035 $a(OCoLC)212815337 035 $a(SSID)ssj0000137719 035 $a(PQKBManifestationID)11159666 035 $a(PQKBTitleCode)TC0000137719 035 $a(PQKBWorkID)10096852 035 $a(PQKB)11146129 035 $a(MiAaPQ)EBC408233 035 $a(DE-B1597)535798 035 $a(OCoLC)781253692 035 $a(DE-B1597)9780226733234 035 $a(Au-PeEL)EBL408233 035 $a(CaPaEBR)ebr10216929 035 $a(CaONFJC)MIL122402 035 $a(EXLCZ)991000000000412798 100 $a19880726d1989 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aDeveloping country debt and the world economy /$feditor, Jeffrey D. Sachs 210 1$aChicago :$cUniversity of Chicago Press,$d1989. 215 $a1 online resource (350 pages) 225 1 $aA National Bureau of Economic Research project report 300 $aDescription based upon print version of record. 311 0 $a0-226-73339-4 311 0 $a0-226-73338-6 320 $aIncludes bibliographies and indexes. 327 $tFront matter --$tContents --$tPreface --$t1. Introduction --$t2. Debt and Macroeconomic Instability in Argentina --$t3. Bolivia's Economic Crisis --$t4. The Macroeconomics of the Brazilian External Debt --$t5. The Conduct of Economic Policies in Indonesia and Its Impact on External Debt --$t6. External Debt and Macroeconomic Performance in South Korea --$t7. Mexico 1958-86: From Stabilizing Development to the Debt Crisis --$t8. Debt Crisis and Adjustment in the Philippines --$t9. Turkish Experience with Debt: Macroeconomic Policy and Performance --$tRemarks on Country Studies --$t10. How Sovereign Debt Has Worked --$t11. The U.S. Capital Market and Foreign Lending, 1920 - 1955 --$t12. Structural Adjustment Policies in Highly Indebted Countries --$t13. The Politics of Stabilization and Structural Adjustment --$t14. Conditionality, Debt Relief, and the Developing Country Debt Crisis --$t15. Private Capital Flows to Problem Debtors --$t16. Debt Problems and the World Macroeconomy --$t17. Resolving the International Debt Crisis --$tContributors --$tName Index --$tSubject Index 330 $aFor dozens of developing countries, the financial upheavals of the 1980's have set back economic development by a decade or more. Poverty in those countries have intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. Developing Country Debt and the World Economy contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries. Studies of eight countries-Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey-explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors-a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis. 410 0$aNational Bureau of Economic Research project report. 606 $aDebts, External$zDeveloping countries 606 $aInternational finance 610 $adebt, income, finance, financial, wealth, inequality, money, international, global, 1980s, poverty, poor, analysis, debtor, crisis, academic, scholarly, research, default, loans, macroeconomy, argentina, case study, bolivia, brazil, regional, mexico, philippines, asia, eastern, east, korea, turkey, south, america, economist, instability, policy. 615 0$aDebts, External 615 0$aInternational finance. 676 $a336.3/435/091724 676 $a336.3435091724 701 $aSachs$b Jeffrey$0120952 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910777045403321 996 $aDeveloping country debt and the world economy$9847160 997 $aUNINA