The debt problem confronting the less developing countries: an analysis of three factors which turned the debts into an international crisis, 1989
Mahama, Gyawu
1989-05-01
1980-1989
The purpose of this study is to analyze the debt problem confronting the Less Developing Countries (LDCs). Specifically, it analyzed the combined impact that sudden increases in oil prices in 1973-74 and 1979-80, interest rates hikes and the world recession which occurred in 1980-1981 may have had on the debt situation of the LDCs. The significance of the debt problem is the serious threat that it poses to the socio-economic fabric of the Less Developing Countries. The study revealed that the simultaneous occurrence of sudden increases in oil prices, high interest rates and the world recession during the first half of the 1980s did indeed exacerbate the external debt problems of the LDCs.Recommended solutions to the debt problem involve a two-prong strategy. In the short term, Western governments should write off all short and medium term debts. The long term strategy calls for LDCs to disengage their economies from the developed market economies by steering their economies away from the mere production of raw materials to the industrial route. Information used in this study was derived primarily from books, bulletins, newspapers and periodicals.
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application/pdf
thesis
Master of Public Administration (MPA)
Atlanta University
Department of Public Administration
Danso, Alex
Clark Atlanta University
Georgia--Atlanta
http://hdl.handle.net/20.500.12322/cau.td:1989_mahama_gyawu
https://rightsstatements.org/page/InC-EDU/1.0/
