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Developing countries with considerable mineral reserves might be expected to have fewer problems with debt …
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Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...
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The burden of past restructuring of the external debt of developing countries has been distributed asymmetrically among … creditors owing to the lack of incentives for voluntary debt reduction. "New creditors" have been deterred from lending … voluntarily because their claims would inevitably be added to a mountain of bad debt. Therefore new ways of reducing debt and debt …
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