Development and the Debt Trap: Economic Planning and by Andrzej Krassowski

By Andrzej Krassowski

Ghana is without doubt one of the earliest and such a lot critical examples of the increase of overseas debt by way of a constructing state to aid its regulations for monetary development. This examine, first released in 1974 together with the in another country improvement Institute, analyses Ghana’s financial system over two decades and highlights the issues of the debtor/creditor courting among built and constructing countries.

The examine concludes with an evaluation of the collectors’ contribution to Ghana’s severe debt place via their readiness to provide money with out accurately analysing the viability of the programmes they supported and during the reimbursement and curiosity phrases they provided – phrases that have been too heavy for Ghana to meet.

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