the host country’s economic growth will sustain demand for the goods being produced.
Debt, resulting largely from overborrowing in the 1970s and early 1980s, is a major problem in the global South. Through renegotiations and other debt management efforts, the North and South have improved the debt situation in recent years. However, the South remains $2 trillion in debt to the North.
the part of the total debt in a country that is owed to creditors outside the country
money owed to private commercial banks, other governments, or international financial institutions such as the IMF and World Bank
Foreign debt management
1) Risk management
currency and interest rate movements
frequent commodity price fluctuations
The debt crises of the early 1980’s
oil price hikes
rapid growth since 1963. Real GNP grew at an average annual rate of 9.0 percent between 1963-93. As a result, Korea's status changed from an underdeveloped country in the 1960s to an upper mid-level developing country in the 1990s. It is well known that foreign debt and the government's active economic policy played an important role in her economic growth. Korea's successful pursuit of an
debt to grow astronomically with the
subprime mortgage crisis
The United States government took no actions though estate price was rising.
It’s a mistake for the United States government to be hesitant about dealing with a situation and take actions late.
The United States’ middle class
The people who invested to the Lehman Brothers
Bankruptcy of Lehman Brothers raised
debt problems
Germany has been Greece’s most important trading partner, along with Italy.
Alongside the United States, the Netherlands and Switzerland, Germany is one of the most important investors in Greece.
Several large-scale projects with the major involvement of German firms have been successfully completed, such as the Athens underground railway and the new Athens airport in Spata.
B