International debt and developing countries

Paceskoski, Vlatko and Nikoloski, Krume and Miteva-Kacarski, Emilija (2017) International debt and developing countries. In: Challenges of tourism and business logistics in the 21st century »ISCTBL 2017«, 24-25 Oct 2017, Gevgelija, Republic оf Macedonia.

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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: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Krume Nikoloski
Date Deposited: 28 Feb 2018 12:24
Last Modified: 28 Feb 2018 12:24

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