From the Debt Crisis to Sustainable Development

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The book addresses the problem of the foreign debt of less developed countries, it examines its impact on their development possibilities and it analyses the lessons that both economic theory and policy should draw from the debt crisis. Long-term sustainable development is the only way to avoid further economic crises in the Third World, but it can only be achieved by means of a comprehensive approach directly aiming at long-term growth and involving a re-thinking of trade relationships between low and high-income countries.