ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Debt without Development

Bhabatosh Datta International Indebtedness and the Developing Countries by George C Abbott, Vikas, New Delhi, 1980; pages 312, Rs 125.
GEORGE C ABBOTT's book combines three important parts, each of which is based on an intensive study of facts linked together by a central thesis on the relation between international indebtedness and development. More than half of the book is devoted to a detailed factual analysis of the size, structure, sources, distribution and terms of the loans that have flown from the developed countries to the developing ones, bilaterally or multilateral ly. The historical exercise goes back to the nineteen twenties and particularly to the reparation obligations of Germany and the war debts of the Allied Powers in Europe. The differences between war debts and the later development debts, as well as their similarities, are clearly brought out. The two major problems of the debtor countries

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