External Debt and the Development Process

Document Type

Conference Paper

Publication Date

1-1-1990

Book or Conference Proceedings Title

Good Debt Management Pays: UNITAR Training Programmes in the Legal Aspects of Debt Management, Document No. 3

Conference Name

UNITAR/EADB Seminars on Debt Management

Conference Location

Dar-es-Salaam and Kampala

Conference Dates

1990-01

First Page

10

Last Page

15

Publisher

UNITAR (United Nations Institute for Training and Research), European Office

Keywords

External debt, development process, structural adjustment

Abstract / Description

The determinants of economic growth and development are complex, varied and not fully understood. However, it is now recognized that factors both internal and external to a nation impinge upon its growth outcome. Internal factors include resource endowment, economic structure, social and political organizations, domestic policy performance and economic management practices while external factors include terms of trade, external capital flows, natural disasters and man-made disasters such as civil or inter-country wars.

Comments

This paper was presented at the UNITAR/EADB Seminars on Debt Management held in Dar-es-Salaam and Kampala, January 15-21, 1990, while the author was Chief of the Debt and International Finance Division of the World Bank. It was subsequently published as Section B in "Good Debt Management Pays," a UNITAR Training Programmes booklet on the Legal Aspects of Debt Management (Document No. 3). The views expressed are those of the author and do not necessarily reflect those of the World Bank. IH0504

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