Easing the debt problem requires high-debt countries to generate significant trade and savings surpluses. If this has to be achieved quickly these surpluses can only be built up through contractive measures with lower imports and investment. Alternatively, if more time is available to deal with the problem, these surpluses can be built up, without sacrificing growth, through increases in exports and savings. This strategy will require new financing...
更多显示
详细
-
1986/09/30
-
日志文章
-
REP399
-
1
-
1
-
2010/07/12
-
Disclosed
-
The debt problem and growth
-
net borrowing