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International Borrowing by Developing Countries analyzes the various aspects of developing-country debt. The title covers various concepts such as theory of borrowing, official and private debt, petrofund recycling, and debt relief. The text first deals with role of external capital and debt in economic development, and then proceeds to examining the historical debt experience of the now-creditor countries. Next, the selection tackles the official bilateral and multilateral debt along with its patterns, magnitude, and the procedures and experience of official debt rescheduling. The text also a

Front Cover; Developing Country Debt; Copyright Page; Table of Contents; Foreword; Preface; Part I: An Aggregate Analysis of Developing Country Debt; Chapter 1. Historical Perspectives on Developing Nations' Debt; THE EXPERIENCE OF THE UNITED STATES, CANADA, AUSTRALIA AND NEW ZEALAND IN THE ERA BEFORE WORLD WAR I; INTERNATIONAL INDEBTEDNESS IN THE POST-WORLD WAR II ERA; NOTES; Chapter 2: A Quantitative Perspective on the Debt of Developing Countries; THE ENLARGEMENT OF CURRENT SURPLUSES AND DEFICITS SINCE 1973; GROWTH AND MANAGEABILITY OF DEBT.