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The UN Development Decade and the World Debt Problem

In: Economic Development and World Debt

Author

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  • Jakov Sirotković

Abstract

The problem of international debts is, no doubt, the most important issue that the world economy is faced with. It is a hallmark of the deep crisis, that is progressive in character, and generally referred to as ‘the debt crisis’ by many economists and politicians. International debts have reached a level that endangers economic development in the whole world, and nowadays they have hit hard developing countries, especially the poorest ones. They pose a gigantic menace to the development processes of developed and developing countries alike. Since the debt crisis might very quickly create a general crisis all around the globe, a speedy solution to the problem of the world economy is required.

Suggested Citation

  • Jakov Sirotković, 1989. "The UN Development Decade and the World Debt Problem," Palgrave Macmillan Books, in: H. W. Singer & Soumitra Sharma (ed.), Economic Development and World Debt, chapter 11, pages 129-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20044-3_11
    DOI: 10.1007/978-1-349-20044-3_11
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