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Published in:
1985 | OriginalPaper | Chapter
Foreign Indebtedness and Economic Growth: Is there a Limit to Foreign Financing?
Author : Armin Gutowski
Published in: Financing Problems of Developing Countries
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The capacity of a country to incur debts depends, as it does for a private enterprise, on whether or not it has at its disposal profitable investment opportunities which could at least meet the interest rate demanded on the international capital market. It is obvious that the country will only then receive a loan if potential creditors are convinced that such investment opportunities exist.