Beyond the Debt Crisis (Classic Reprint): Alternative Forms of Financing Growth: Alternative Forms of Financing Growth (Classic Reprint) - Softcover

Inhaltsangabe

This book explores the potential benefits of alternative forms of financing for developing countries and the challenges of implementing them in the midst of debt crises. Moving beyond traditional sovereign borrowing, the author considers options such as direct investment, portfolio equity, and commodity-indexed debt. The author argues that these alternatives offer risk-sharing and managerial participation advantages and can improve the overall efficiency of financing. However, he also acknowledges existing obstacles, including country risk, inadequate infrastructure, and resistance to changes in state control over resources. Despite these challenges, the book emphasizes the potential for carefully designed and managed programs to bring mutual benefits to both borrowers and creditors. The insights presented in this book highlight the importance of re-evaluating financing structures in developing countries for sustainable economic growth.

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