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Infotrac Reader
 
International Political Economy: The North-South Gap
 
South Debt

For over two decades many less-developed countries have struggled to make payments on foreign debt. International lending institutions frequently require these countries to enact economic measures, many of which require cuts in domestic spending. What is the current status of the South debt? What are proposals for dealing with it? What is the impact of the mandated spending cuts on the populations of the affected countries?

Here are some articles to get you started. Find them through Keyword searches.

For more articles on this subject, enter:

"developing countries" in the Subject Guide, and then go to subdivision "finance."

"international monetary fund" in the Subject Guide, and then go to subdivision "economic policy."

"international monetary fund" in the Subject Guide, and then go to subdivision "evaluation."

"World Bank" in the Subject Guide, and then go to subdivision "economic policy."

"Latin America" into the Subject Guide, and then go to subdivision "economic policy."

"Africa" into the Subject Guide, and then go to subdivision "economic aspects."

Dirt out, cash in; Kenya, corruption and the IMF. Donors come back to Kenya
The Economist (US) Nov 29, 2003 v369 i8352 p44US (945 words)

Bank builder: Argentina has a new IMF deal and recovery is under way. Now Alfonso Prat-Gay can get on with restoring the central bank. (Latin America) Judith Evans.
Institutional Investor Oct 2003 v37 i10 p29(6) (4103 words)

Going for broke: Argentina extracted a favorable deal from the IMF but its victory could be short-lived if the country fails to address critical policy weaknesses. (International Monetary Fund) John Barham.
LatinFinance Oct 2003 i151 p19(3) (2077 words)

Hard or soft? Brazil, Argentina and the IMF. (International Monetary Fund)
The Economist (US) Sept 27, 2003 v368 i8343 p38US (1017 words)

The Maturing of Emerging Markets; The IMF's Gerd Haeusler talks about the reasons behind the resurgence in investment in these often-crisis-wracked countries. (Interview) Pete Engardio.
Business Week Online Sept 22, 2003 pNA (881 words)

Free for all: developing countries yearning to grow have gotten fed up with being told how to run their economies by the IMF and the World Bank. In the post-Washington consensus era, development will be much more a have-it-your-own-way affair. (IMF/World Bank) Deepak Gopinath.
Institutional Investor International Edition Sept 2003 v28 i9 p115(7) (4790 words)

Development: unthinking the past. Rethinking Development Keith Nurse.
NACLA Report on the Americas noviembre-diciembre 2003 v37 i3 p29(6) (3589 words)

Should African countries liberalise at any cost? Restrictions on importation of goods that can be produced locally has become a matter of extreme urgency, writes Professor S.K.B Asante who rather wants African governments to arrogate to themselves the right to define their nations' economic interests, instead of leaving that to the play of market forces. (New African Market) S.K.B Asante.
New African Oct 2003 i422 p46(3) (1646 words)

Concentrating the mind: Jeremy Clift interviews professor Allan H. Meltzer. (People in Economics). (advocate of economic reform)(recommendations of International Financial Institution Advisory Commission)(Interview) Allan H. Meltzer. Finance & Development June 2003 v40 i2 p6(4) (2683 words)

Shipbuilding. (economic reform in developing countries) The Economist (US) May 3, 2003 v367 i8322 pNA (1918 words)

Global Public Goods, global programs, and global policies: some initial findings from a World Bank evaluation. (Proceedings). Uma Lele, Christopher Gerrard. American Journal of Agricultural Economics August 2003 v85 i3 p686(6) (3387 words)

Who say Africa is independent? (Cover Story) Baffour Ankomah, Khalid Bazid. New African July 2003 p12(5) (2961 words)

Have we turned the corner? It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation--and achieve rapid, sustained growth. (Editorial) LatinFinance July 2003 i148 p2(2) (1507 words)

Developing countries and the world trade organization negotiations. (Proceedings). Richard R. Barichello, Alex McCalla, Alberto Valdes. American Journal of Agricultural Economics August 2003 v85 i3 p674(5) (3409 words)

Poor Nations Can't Live by Markets Alone; The '90s boom and free-market reforms adopted by developing countries haven't done enough to improve their lot, says a U.N. study. (NEWS ANALYSIS) Pete Engardio. Business Week Online July 16, 2003 pNA (1150 words)

Years of plenty? Development. (A lost decade, says the UN)(United Nations) The Economist (US) July 12, 2003 v368 i8332 p68US (497 words)

The solidarite summit. (developing nations not given chance to present case at G8 summit) Global Agenda June 2, 2003 pNA (1441 words)

Developments in selected non-member economies. OECD Economic Outlook June 2003 i73 p113(6) (3240 words)

Rich nations' tariffs and poor nations' growth. (tearing down trade barriers in rich countries could help poor countries raise their standard of living) Shweta Bagai, Richard Newfarmer. World and I June 2003 v18 i6 p50 (2426 words)

Dealing with default; Emerging markets. (Making it easier to head off default)(sovereign-debt restructuring mechanism)(Industry Overview) The Economist (US) May 10, 2003 v367 i8323 pNA

Odious debt: when dictators borrow, who repays the loan? Michael Kremer, Seema Jayachandran. Brookings Review Spring 2003 v21 i2 p32(4)

The rich borrow and the poor repay: the fatal flaw in international finance. Ross P. Buckley. World Policy Journal Winter 2002 v19 i4 p59(6)

Latin America. (Think Again). Carlos Lozada. Foreign Policy March-April 2003 p18(6)

In most emerging markets governments have taken on more debt over the past five years. (Brief Article) The Economist (US) Sept 28, 2002 pNA

Small loans, big claims. (Global Newsstand). (Brief Article) Farhad Hossain. Foreign Policy Sept-Oct 2002 p79(3)

The cartel of good intentions. (foreign aid bureaucracy) William Easterly. Foreign Policy July-August 2002 p40(10)

The IMF: Dr. Death? A case study of how the global banker's shock therapy helps economies but hammers the poor. (World)(Brief Article) Eric Pooley. Time April 24, 2000 v155 i16 p47

A Bankruptcy Plan for Nations? IMF Deputy Managing Director Anne Krueger talks about that possibility for the world's developing countries. (NEWSMAKER Q&A) (Brief Article) (Interview) (Statistical Data Included) Business Week Online Sept 24, 2002 pNA

Seeking the common ground: bondholders think the International Monetary Fund and western governments are forcing them to support a sovereign restructuring process that would violate their interests and those of the international bond market as a whole. Hans Humes proposes a solution that would protect the interests of both debtor and creditor in future sovereign restructurings. (parting shot). Hans Humes. LatinFinance May 2002 p51(2) Bus.Coll.: 140P1579.

Free markets and poverty: since 1980, as the world has deregulated its markets, income gaps have widened. Why is this record heralded as a success? (Statistical Data Included) Christian E. Weller, Adam Hersh. The American Prospect Jan 1, 2002 v13 i1 pA13(3)

Globalism's discontents: integration with the global economy works just fine when sovereign countries define the terms. It works disastrously when terms are dictated. Joseph E. Stiglitz. The American Prospect Jan 1, 2002 v13 i1 pA16(6)

Human Rights -- and the IMF. (International Monetary Fund) Sergio Pereira Leite. Finance & Development Dec 2001 v38 i4 p44(4) Bus.Coll.: 137P0937.

Passing the Buck: No Chapter 11 for Bankrupt Nations. Michele Wucker. World Policy Journal Summer 2001 v18 i2 p10

DISARMING THE DEBT TRAP. (aiding Third World nations)(Brief Article) ELLEN FRANK. Dollars & Sense March 2001 p10

JUBILEE 2000: DROP THE DEBT, NOT THE CAMPAIGN. (Statistical Data Included) MARIE MICHAEL. Dollars & Sense March 2001 p11

Bailing In The Banks. JURGEN STARK. The International Economy Nov 2000 v14 i6 p18

DO THE WORLD BANK, IMF AND WTO HELP THE POOR? (International Monetary Fund and World Trade Organization seen as counter-productive by world-wide sources)(Statistical Data Included) The Ecologist Sept 2000 v30 i6 p6

THE IMF FORMULA: GENERATING POVERTY. (International Monetary Fund)(Statistical Data Included) John Cavanagh, Carol Welch, Simon Retallack. The Ecologist Sept 2000 v30 i6 p23

BRINGING FINANCIAL CRISIS TO ASIA. (International Monetary Fund)(Brief Article) Walden Bello. The Ecologist Sept 2000 v30 i6 p29

The Insider: Joseph Stiglitz, Ex-World Bank Chief Economist, Speaks Out Against The IMF. The Ecologist Sept 2000 v30 i6 p30

A WORLD IN CHAINS. (developing countries and debt)(Brief Article) Carol Welch. The Ecologist Sept 2000 v30 i6 p32

TIME TO DECIDE: RADICAL REFORM OR ABOLITION. (International Monetary Fund) Walden Bello. The Ecologist Sept 2000 v30 i6 p33

From the Horse's Mouth. (Joseph Stiglitz)(Brief Article) Dollars & Sense July 2000 p5

HOW CAN THE POOREST COUNTRIES CATCH UP? World Economic Outlook May 2000 p113

Pro Bono. (rock singer champions debt relief for developing countries) David Corn. The Nation Dec 6, 1999 v269 i19 p5 Mag.Coll.: 102F0318.

Activists Demand End to Third World Debt. (Brief Article) The Progressive Nov 1999 v63 i11 p13 Mag.Coll.: 100K3192.

A retrospective on the Mexican bailout. Ian Vasquez. The Cato Journal Wntr 2002 v21 i3 p545(7)

The Rising Inequality of World Income Distribution. (Point of view). (Statistical Data Included) Robert Hunter Wade. Finance & Development Dec 2001 v38 i4 p37(3) Bus.Coll.: 137P0930.

When the IMF can't & the market won't: some practical steps for developing countries to help themselves. (Rescuing Asia: Does the International Monetary Fund Have a Role in Asia?)(Column) Barry Bosworth. Brookings Review Summer 1998 v16 n3 p39(1) Bus.Coll.: 110N2244.

Sustaining hope; World Development Report. (The World Development Report on sustainability)(Brief Article) The Economist (US) August 24, 2002 pN/A

Aid--Let's Get Real. (Brief Article) Salih Booker, William Minter. The Nation July 8, 2002 v275 i2 p5 Mag.Coll.: 111C0134.

The poor's best hope - Trading for development; By invitation. (Removing trade barriers is a job for the poor as well as the rich)(Industry Overview) The Economist (US) June 22, 2002 pNA
 
         
         
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