1998 | OriginalPaper | Chapter
The Debt Crisis
Authors : Gareth Rees, Charles Smith
Published in: Economic Development
Publisher: Macmillan Education UK
Included in: Professional Book Archive
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How can international trade be paid for? Why are LDCs in debt? Why did Latin America suffer a ‘lost decade’ after 1982? Why was Africa’s income per head no higher in 1990 than in the 1960s? Is ‘aid’ likely to improve the position of LDCs?