Third World Debt Legislation

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ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Third World Debt Legislation by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance

Download or read book Third World Debt Legislation written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance and published by . This book was released on 1986 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Debt and the Third World

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis International Debt and the Third World by :

Download or read book International Debt and the Third World written by and published by . This book was released on 1989 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Crisis of Poverty and Debt in the Third World

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Publisher : Routledge
ISBN 13 : 0429687443
Total Pages : 265 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis The Crisis of Poverty and Debt in the Third World by : Martin Dent

Download or read book The Crisis of Poverty and Debt in the Third World written by Martin Dent and published by Routledge. This book was released on 2019-05-23 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume, the first to be published in on Jubilee 2000, describes the plight of 52 of the poorest nations in the world and puts in detail the case for radical cancellation of past inert debt. The cost and benefit of this remission and the groundbreaking concordat of peoples and governments that could accompany it are examined in detail. It contains critiques of the economic bases of the World Bank and IMF approaches to debt management in developing economies, as manifested in structural adjustment programmes and their maintenance, misuse of excess reserves and the methods used to carry out restructuring and development projects. The British anti-slavery campaign saw a mobilisation of public opinion for a great cause. Using this as a source of inspiration, public opinion must again be mobilised for what amounts to the greatest opportunity for justice, compassion and forgiveness facing us all at the beginning of a new millennium.

Report on Debt Relief Granted by the United States to Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Report on Debt Relief Granted by the United States to Developing Countries by : United States. Department of the Treasury

Download or read book Report on Debt Relief Granted by the United States to Developing Countries written by United States. Department of the Treasury and published by . This book was released on 1975 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sovereign Finance and the Poverty of Nations

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Publisher : Edward Elgar Publishing
ISBN 13 : 0857935038
Total Pages : 193 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Sovereign Finance and the Poverty of Nations by : Yvonne Wong

Download or read book Sovereign Finance and the Poverty of Nations written by Yvonne Wong and published by Edward Elgar Publishing. This book was released on 2012-05-01 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''Yvonne Wong''s book is one of the best treatments of the Odious Debt problem in the literature. It is thorough, balanced and yet manages to be creative. I have already used an early version in my International Debt class and the discussions that were generated were excellent. For anyone seeking to tackle this age old problem, I highly recommend this book.'' Mitu Gulati, Duke University, US''With some excellent historical research and important analysis of "odious debt" accumulation and sovereign debt restructuring mechanisms in modern times, this book is placing the issue of "odious debt" at the heart of International law. Thus, it will prove an indispensable companion to any scholar or policy-maker who wishes to gain a multi-prismatic understanding of "odious debt" illegality and its implications for the welfare of entire nations.'' Emilios Avgouleas, University of Edinburgh, UK''Whenever a strict application of the law produces a result that is at variance with a general sense of what is morally right, trouble is surely in the offing. This is the central thesis of Yvonne Wong''s Sovereign Finance and the Poverty of Nations. When is it legally permissible, when is it ethically acceptable, for a sovereign borrower to disavow a debt incurred in the name of the sovereign state, but not for its (or its citizens'') benefit? And if debts incurred by unscrupulous politicians in one era can be disowned by their successors later on under gauzy notions of "illegitimacy" or "odiousness", what will prevent future unscrupulous politicians from casually dishonoring sovereign obligations that they would just prefer not to pay? These are deep waters, legally and morally. Wong has given us a fascinating insight into one of the most disquieting issues in international financial law.'' Lee C. Buchheit, Cleary Gottlieb Steen & Hamilton LLP, US''This book provides a very valuable contribution to the discussion about odious debts in that it, quite successfully, structures the often rather elusive argumentation. By developing a new and stringent approach to the emergence of a valid legal concept of odious debts, the author presents a fresh perspective to its underlying evaluations and allows, thus, a re-consideration of the need for effective rules in this context. This book will certainly influence fundamentally the future debate of odious debts.'' Christoph G. Paulus, Humboldt-Universitat zu Berlin, Germany''Saddam Hussein was overthrown and executed, but his successors to power are still liable for the debts that he contracted for the nation. Odious regimes can create debts without consent or benefit of their citizens who must subsequently repay them. This fact puzzles both international law specialists and intellectuals who read magazines like The Economist. Theresult seems wrong, but the right solution is elusive. Yvonne Wong''s important and timely book solves some of the puzzles by using methods and theories from international law, economics, and political science. It explains the law and politics inherent in sovereign debt arrangements, and proposes a new legal framework for odious debt.'' From the foreword by Robert CooterNational debts incurred by illegitimate regimes against the best interests of the citizens is a serious problem of international economics and politics. These sovereign debts, often referred to as odious debts, deplete the public purse and create an ongoing financial liability that serves to constrain investment and economic growth, and conspires to keep millions in poverty. This important and timely book explains the legal principles and politics involved in the issue of odious debts, and sovereign debt arrangements more generally. The author goes beyond abstract arguments and proposes legal rules and international regulation that should be put in place to create the right incentives to stop the transmission of odious debts. Her proposal is for a registration scheme for sovereign debt, and the imposition of positive duties on financiers who provide loans to sovereign borrowers.Sovereign Finance and the Poverty of Nations will appeal to students, academics, debtactivists, policymakers, international finance practitioners and anyone with a general interest in sovereign finance affairs.

Third World Debt

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Publisher :
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Third World Debt by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance

Download or read book Third World Debt written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance and published by . This book was released on 1987 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Third World Debt Problem

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Third World Debt Problem by : United States. Congress. Senate. Committee on Finance. Subcommittee on International Debt

Download or read book Third World Debt Problem written by United States. Congress. Senate. Committee on Finance. Subcommittee on International Debt and published by . This book was released on 1987 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Third World Debt

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Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Third World Debt by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development, Finance, Trade, and Monetary Policy

Download or read book Third World Debt written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development, Finance, Trade, and Monetary Policy and published by . This book was released on 1989 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Debt Crisis in the Third World

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Publisher : GRIN Verlag
ISBN 13 : 3638379329
Total Pages : 18 pages
Book Rating : 4.6/5 (383 download)

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Book Synopsis Debt Crisis in the Third World by : Yanhui Zhang

Download or read book Debt Crisis in the Third World written by Yanhui Zhang and published by GRIN Verlag. This book was released on 2005-05-19 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Politics - Topic: Globalization, Political Economics, grade: 1,3, University of Northampton, course: Global Political Economy, language: English, abstract: [...] In the 1970s, the world trade framework provided possibilities and opportunities for poor economies to grow. However, the harsh reality of poverty in those new independent nations was the main obstacle for any development. Their economic conditions suggested that borrowing money and gaining foreign aids were reasonable courses in the 1970s. In the meantime, the ex-colonial powers began rising awareness of remaining their influence over their past conquests. Considering of remaining economic dependency, western countries showed great willingness of lending money to poor nations. The result was an unprecedented flow of sources from the developed countries to the developing world. A large proportion of sources were in form of loans and international aids from commercial banks and western governments. Many developing countries had very large debts, and the amount of money they owed was quickly increasing. In 1982, Mexico came finally to the brink of default on its foreign debt. The critical situation marked the beginning of the “Third World Debt Crisis”. In 1970, the fifteen heavily indebted nations (using the World Bank classification of 1989) had an external public debt of $17.923 billion – which amounted to 9.8% for their GNP. By 1987, these same nations owed $402.171 billion, or 47.5% of their GNP. Interest payments owed by these countries went from $2.789 billion in 1970 to $36.251 billion in 1987. In 1991, the developing world as a whole owed a total external debt of $1.362 trillion, or 126.5% of their total exports of goods and services that year (Ferraro, V. & Rosser, M., 1994). Trying to pay off the debt became a serious problem for these countries. The nature and terms as well as the political conditions with them caused great hardship for their people. The debt crisis in the third world is highly linked to the issues of western policies, interest rates, export values and confidence in the international banking system. The crisis is thus an international phenomenon and to understand it fully needs a global perspective. This paper will examine the origins of the debt crisis in the third world in the first part and the consequences in the second part. The third part will give solutions and recommendations followed by conclusion in the fourth part.

Sovereign Debt and Human Rights

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Publisher : Oxford University Press, USA
ISBN 13 : 019881044X
Total Pages : 641 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Sovereign Debt and Human Rights by : Ilias Bantekas

Download or read book Sovereign Debt and Human Rights written by Ilias Bantekas and published by Oxford University Press, USA. This book was released on 2019-01-15 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign debt is necessary for the functioning of many modern states, yet its impact on human rights is underexplored in academic literature. This volume provides the reader with a step-by-step analysis of the debt phenomenon and how it affects human rights. Beginning by setting out thehistorical, political and economic context of sovereign debt, the book goes on to address the human rights dimension of the policies and activities of the three types of sovereign lenders: international financial institutions (IFIs), sovereigns and private lenders.Bantekas and Lumina, along with a team of global experts, establish the link between debt and the manner in which the accumulation of sovereign debt violates human rights, examining some of the conditions imposed by structural adjustment programs on debtor states with a view to servicing their debt.They outline how such conditions have been shown to exacerbate the debt itself at the expense of economic sovereignty, concluding that such measures worsen the borrower's economic situation, and are injurious to the entrenched rights of peoples.

Sovereign Debt at the Crossroads

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Publisher : Oxford University Press
ISBN 13 : 0195168003
Total Pages : 354 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Sovereign Debt at the Crossroads by : Chris Jochnick

Download or read book Sovereign Debt at the Crossroads written by Chris Jochnick and published by Oxford University Press. This book was released on 2006-04-13 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive overview of the problems associated with Third World debt and describes new and practical approaches to overcoming them. As contributions come from leading thinkers across a range of disciplines, the text offers a timely guide for understanding and influencing the debt debate.

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Law and Crisis in the Third World

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Publisher : Hans Zell Publishers
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Law and Crisis in the Third World by : Sammy Adelman

Download or read book Law and Crisis in the Third World written by Sammy Adelman and published by Hans Zell Publishers. This book was released on 1993 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intractable problems which burden many developing regions-- poverty, debt, human rights violations--illustrate the failure of Western modernization programs. These spurred a new wave of scholarship on the nature & concept of law & development during the 1980s. Theories such as the New International Division of Labour provided fresh impetus for the discipline as did burgeoning research in women's studies & the environmental crisis necessitated additional approaches. This new collection of essays addresses the former & future role of law in these areas. Written by leading legal scholars, proponents stress the continued relevance & vitality of law in the development process. (AFRICAN DISCOURSE SERIES, 4)

Banking Law, Third World Debt Crisis, IMF

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Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (143 download)

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Book Synopsis Banking Law, Third World Debt Crisis, IMF by : Young Moo Shin

Download or read book Banking Law, Third World Debt Crisis, IMF written by Young Moo Shin and published by . This book was released on 1985 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Global Debt and Underdevelopment

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Political Economy of Global Debt and Underdevelopment by : Augusto Caesar Espiritu

Download or read book The Political Economy of Global Debt and Underdevelopment written by Augusto Caesar Espiritu and published by . This book was released on 1993 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Third World Debt Legislation

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Publisher :
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Third World Debt Legislation by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance

Download or read book Third World Debt Legislation written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance and published by . This book was released on 1986 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Developing Country Debt and the World Economy

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Publisher : University of Chicago Press
ISBN 13 : 0226733238
Total Pages : 350 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Developing Country Debt and the World Economy by : Jeffrey D. Sachs

Download or read book Developing Country Debt and the World Economy written by Jeffrey D. Sachs and published by University of Chicago Press. This book was released on 2007-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries have intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. Developing Country Debt and the World Economy contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries. Studies of eight countries—Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey—explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors—a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis.