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

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External Debt of Developing Countries-Crisis of Growth

External Debt of Developing Countries Crisis of Growth G C da Costa This article traces the origin and the magnitude of the external indebtedness of the group of 17 highly indebted developing countries, indicates the economic effects associated with it, examines the policy measures which have been devised and implemented in an attempt to alleviate the incidence of indebtedness, as also the economic consequences, in particular (he effects on growth, which have followed these measures. The author also assesses these measures in terms of (he principles of adjustment and equity. The experience of the highly indebted countries points to some lessons which hopefully could be of benefit to countries such as India which have been rapidly enlarging their external commitments.

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