The major theme of this paper is that the commercial banks have weathered the debt crisis, while many debtor countries remain in economic paralysis or worse. There is a growing consensus that much of the LDC debt will not be fully serviced in the future, and that consensus is reflected in at...

The major theme of this paper is that the commercial banks have weathered the debt crisis, while many debtor countries remain in economic paralysis or worse. There is a growing consensus that much of the LDC debt will not be fully serviced in the future, and that consensus is reflected in at...

The article discusses the issue of the debt crisis that is currently one of the sources of political conflict that poses a threat to economic, political, and social stability in the United States and the world. The article examines to roots of this crisis. It pays particular attention to the...