[DOWNLOAD] "Is the Impact of Foreign Loans on the Economic Growth of Severely- Indebted Underdeveloped Countries a Myth Or Reality? Corroborative Evidence (Economics ARTICLES)" by Journal of Economics and Economic Education Research # Book PDF Kindle ePub Free

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eBook details

• Title: Is the Impact of Foreign Loans on the Economic Growth of Severely- Indebted Underdeveloped Countries a Myth Or Reality? Corroborative Evidence (Economics ARTICLES)
• Author : Journal of Economics and Economic Education Research
• Release Date : January 01, 2005
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 321 KB

Description

ABSTRACT This study investigates the impact of foreign loans on the economic growth of 82 severely- indebted underdeveloped countries over a ten-year period (1991-2001). The findings of this study revealed that foreign debt has a negative and insignificant impact on the economic growth of the surveyed countries. Although debt cancellation may be less effective in the long term, we still concur with the proposals for debt cancellations suggested by the report of Jubilee research at the new economics foundation by (Greenhill & Blackmore, 2002).

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