Is there a transfer of resources from developing to industrial countries?
North-South Relations
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Abstract
One of the arguments put forward to support the claim that an unfavourable world economic environment is impeding effective structural adjustment in developing countries is the premise that the flow of resources to indebted developing countries is not only insufficient but also declining and has actually been negative for some years. This leads to the demand for a politically guaranteed positive transfer of resources. Is this demand justified?
Keywords
Direct Investment Current Account Transfer Payment Interest Payment External Debt
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References
- 1.OECD: Financing and External Debt of Developing Countries, Paris 1988.Google Scholar
- 2.See International Monetary Fund: World Economic Outlook, October 1989.Google Scholar
Copyright information
© HWWA and Springer-Verlag 1990