INTERNATIONAL DEBT AND DEVELOPING COUNTRIES

Authors

  • Vlatko Paceskoski
  • Krume Nikoloski
  • Emilija Miteva Kacarski

Abstract

This paper analyses the determinants of long term external debt for a large sample of developing countries. We found that, in addition to the standard economic variables, institutional and socio-political variables are a key factor in explaining the level of external debt. In fact, the international debt crisis was caused when a large number of poor countries were not able to pay the interest rates for their foreign debt. Through a strategic approach we provide recommendations, guidelines and suggestions to overcome and resolve the external debt of developing countries, as key issue in the global economy. 

Key words: external debt; developing countries; financial architecture; world economy. 

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Published

22.02.2018

Issue

Vol. 1 (2017): 1st International Scientific Conference "Challenges of Tourism and Business Logistics in the 21st Century"

Section

Economics and business

License

The intellectual property and copyright of the original content in all scientific contributions within the published paper shall remain with the authors. The authors grant ISCTBL permission to publish the paper. All authors agree to publish the paper under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0). 

How to Cite

Paceskoski, V., Nikoloski, K., & Miteva Kacarski, E. (2018). INTERNATIONAL DEBT AND DEVELOPING COUNTRIES. Challenges of Tourism and Business Logistics in the 21st Century, 1(1), 313-318. https://js.ugd.edu.mk/index.php/YFNTS/article/view/2215