Financial constraints to trade and growth; the world debt crisis and its aftermath
The debt problems of developing countries will severely limit their ability to purchase goods in the world market for at least the next 5 years. Resolutions of these debt problems could increase potential U.S. agricultural exports by as much as 20 percent. The large debts of the developing countries became serious problems with the shifts to tighter monetary policies by the developed countries in the late seventies and consequent slowing of inflation and credit flows. Eighteen countries which are major markets for U.S. agriculture hold more than 60 percent of the problem debt. Both current debts and national economic policies in the developing countries must be restructured to begin the strengthening of those countries' economies. Developed countries can help the economic recovery of developing nations by providing markets for their export commodities
| Main Authors: | , , |
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| Format: | Texto biblioteca |
| Language: | eng |
| Published: |
Washington, D.C. (EUA)
1984
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| Summary: | The debt problems of developing countries will severely limit their ability to purchase goods in the world market for at least the next 5 years. Resolutions of these debt problems could increase potential U.S. agricultural exports by as much as 20 percent. The large debts of the developing countries became serious problems with the shifts to tighter monetary policies by the developed countries in the late seventies and consequent slowing of inflation and credit flows. Eighteen countries which are major markets for U.S. agriculture hold more than 60 percent of the problem debt. Both current debts and national economic policies in the developing countries must be restructured to begin the strengthening of those countries' economies. Developed countries can help the economic recovery of developing nations by providing markets for their export commodities |
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