IDEAS home Printed from https://ideas.repec.org/a/diw/diwvjh/88-4-6.html
   My bibliography  Save this article

Die Schuldenkrise des Globalen Südens: Verfahren zu ihrer Bewältigung schaffen

Author

Listed:
  • Mara Liebal
  • Kristina Rehbein

Abstract

Triggered by both low interest rates in rich countries and high financing needs for infrastructure in many poorer countries, the debt of countries in the Global South has been at a dramatically high level for years. High debt service payments burden many African, Latina American and Asian countries’ budgets. The poorest and most vulnerable population groups, especially women and children, suffer the most from a lack of financial resources for social services like health care or education. The implementation of the Sustainable Development Goals and urgently needed measures against climate change are at great risk. Nevertheless, creditors and their institutions have failed to take determined steps to tackle the crisis. Proposals for political reform steps and thus the chance for a paradigm shift in the discussion about adequate crisis response certainly exist. Ausgelöst durch das Zusammentreffen niedriger Zinsen in reichen Ländern und einem hohen Finanzierungsbedarf für Infrastruktur in vielen ärmeren Ländern befindet sich die Verschuldung der Länder des Globalen Südens seit Jahren auf einem dramatisch hohen Niveau. Hohe Schuldendienstzahlungen belasten die Haushalte vieler Staaten in Afrika, Lateinamerika und Asien. Fehlt das Geld für soziale Dienstleistungen wie Gesundheitsvorsorge oder Bildung, leiden vor allem die ärmsten und verwundbarsten Bevölkerungsgruppen, insbesondere Frauen und Kinder. Die Umsetzung der international vereinbarten Entwicklungsziele und damit dringend notwendige Maßnahmen gegen den Klimawandel rücken in weite Ferne. Trotzdem fehlen bislang entschlossene Schritte zur Bewältigung der Krise seitens der Gläubiger und ihrer Institutionen. Vorschläge für politische Reformschritte und somit die Chance für einen Paradigmenwechsel in der Diskussion um eine angemessene Krisenbewältigung existieren durchaus.

Suggested Citation

  • Mara Liebal & Kristina Rehbein, 2019. "Die Schuldenkrise des Globalen Südens: Verfahren zu ihrer Bewältigung schaffen," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 88(4), pages 67-76.
  • Handle: RePEc:diw:diwvjh:88-4-6
    DOI: 10.3790/vjh.88.4.67
    as

    Download full text from publisher

    File URL: https://doi.org/10.3790/vjh.88.4.67
    Download Restriction: no

    File URL: https://libkey.io/10.3790/vjh.88.4.67?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Sovereign debt crisis; sustainable development; developing and emerging economies; debt sustainability; international financial institutions; United Nations; Paris Club; responsible lending; crisis prevention; state bankruptcy proceedings; debt relief; creditors’ coordination;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:diw:diwvjh:88-4-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bibliothek (email available below). General contact details of provider: https://edirc.repec.org/data/diwbede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.