Some forecasters recently have predicted that OPEC countries with continuing current account surpluses will shift from long-term to short-term investments in the near future to improve their liquidity positions. However, careful study of a variety of data, including historical patterns, suggests...

The developing countries have missed no opportunity at any of the great international conferences in recent years to raise the demand for larger capital transfers by the developed countries. Whether compliance with this demand can really contribute to narrowing the North-South gap must however...

At the end of 1982 South Korea had foreign debts of US $ 38 billion, the third highest total for a developing country after those of Mexico and Brazil. In contrast to these countries, however, South Korea has avoided debt crises so far. In view of the 20 or more rescheduling operations carried...

Since the summer of 1982 the banking community has been faced with an international debt crisis of unprecedented dimensions. The debt rescheduling agreements that have been negotiated since then involve sums totalling no less than $ 100 billion. However, they give the international financial...

The quadrupling of oil prices since the end of 1973 was accompanied by a rapid increase in the borrowings of developing countries. A global view of their external debt situation reveals some alarming realities.