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Political Institutions and Foreign Debt in the Developing World

โœ Scribed by Thomas Oatley


Book ID
111085995
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
367 KB
Volume
54
Category
Article
ISSN
0020-8833

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๐Ÿ“œ SIMILAR VOLUMES


Foreign debt, sanctions and investment:
โœ Alberto Dalmazzo; Giancarlo Marini ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 180 KB

Foreign debt works as a 'poison pill'. When a domestic entrepreneur borrows from abroad to finance a project, he obtains funds today against the promise of a future repayment. As a consequence, if the government expropriates the investment project, it will have either to bear the burden of debt repa