External debt as a fundamental problem of developing countries

Georgieva Svrtinov, Vesna and Gorgieva-Trajkovska, Olivera and Nikoloski, Krume and Koleva, Blagica (2014) External debt as a fundamental problem of developing countries. International Journal of Sciences: Basic and Applied Research, 18 (2). pp. 20-28. ISSN 2307-4531

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Abstract

This paper analyses the determinants of long term external debt for a large sample of developing countries. We found that, in addition to the standard economic variables, institutional and socio-political variables are a key factor in explaining the level of external debt. In fact, the international debt crisis was caused when a large number of poor countries were not able to pay the interest rates for their foreign debt Through a strategic approach we provide recommendations, guidelines and suggestions to overcome and resolve the external debt of developing countries, as key issue in the global economy. Key words: external debt; developing countries; financial architecture; world economy

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Olivera Trajkovska
Date Deposited: 19 Nov 2014 08:53
Last Modified: 29 Dec 2014 09:29
URI: http://eprints.ugd.edu.mk/id/eprint/11337

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