The Third World Debt Crisis – “the Fault of the Developing Countries or “irresponsible Lending” by the Western Financial Banking Institution?”
HITESH PATEL asked: 1. Introduction The debt crisis and loan defaults have been a constant feature of the global economy, the present size of the world debt problem overwhelms the imagination. It is clear that the countries in the Third World are in an inherently disadvantageous position. As primary exporters, they are at the mercy… Read More »