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What is Impact of External Debt on Growth about?

This document discusses the effects of external debt on economic growth and standards of living in developing countries. It finds that between 1980-1990, average GDP growth fell from 3.1% to -0.4% annually and terms of trade declined, requiring countries to export more to import the same amount. As a result, per capita consumption and investment dropped substantially, with some countries

Author

Cherry Kiko

Language

EN