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Download full textHope, Nicholas C. – 1986
Arguing that the benefits from borrowing abroad exceed the costs recently imposed on countries through debt-servicing difficulties, this paper defines debt as an engine of growth, forcing the borrower to produce goods efficiently, export them, and function competitively in the international market. Debt-servicing difficulties of developing nations…
Descriptors: Developing Nations, Economic Progress, Finance Reform, Financial Needs
