Chapter 15: Foreign Debt and Financial Crises
Chapter Learning Objectives
After reading the chapter, you ought to understand and be able to explain:
- The kinds of policies that should be pursued by developing countries to make the most of foreign capital.
- The external and internal factors that precipitated the external debt crisis of the 1970s and 1980s.
- The Lessons from the manner in which the debt crisis was handled.
- The external and internal factors that precipitated the financial crises in emerging markets and transition economies in the 1990s.
- The lessons of experience from the emerging market financial crises.
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