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: | https://eprints.ugd.edu.mk/id/eprint/11337 |
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