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Liberal Economic Strategy for Debt Crisis Management: The Case of Turkey

  • Arif Ersoy

Abstract

One of the major economic problems of 1980s is the external debt of LDCs. This problem has reached a level which is menacing the international economic and financial systems. The onerous burden of debt-servicing is growing very rapidly. The total disbursed debt of LDCs rose from $86.6bn in 1970 to $446bn in 1980. It was estimated that by the end of 1986 the total external debt of LDCs had climbed to about $1035bn. This growing amount of the external debt burden of the Third World constitutes a potential major world crisis for the present international economic order.

Keywords

Monetary Policy Debt Crisis External Debt Service Payment International Financial Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© H. W. Singer and Soumitra Sharma 1989

Authors and Affiliations

  • Arif Ersoy

There are no affiliations available

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