International Trade, Protectionism and Third World Debt
There is no denying the fact that the rich world and its supported international financial institutions did not come to the rescue of developing countries and they allowed the debt of these countries to accumulate. The pressure forcing for more commercial borrowing by reducing the flow of aid and concessional lending to these countries, opened the doors of the debt trap for them.
KeywordsAdvanced Country Foreign Debt Export Earning Debtor Country International Financial Institution
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