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Erschienen in:
1989 | OriginalPaper | Buchkapitel
A Comparative Study of the Economic Development and Debt Problem of Asian and Latin American NICs
verfasst von : Kiyoshi Abe
Erschienen in: Economic Development and World Debt
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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There is basically nothing wrong in borrowing, because this was the pattern common to now advanced, former developing countries. Both Asian and Latin American NICs, intent on industrialisation helped by foreign borrowing, had shown rapid growth through the 1970s. Debt-dependent growth patterns had been more or less common to both, but had not yet posed any serious problem. The world of the 1970s had seen the two oil shocks and the boom of primary products.