NDLI: Developing Countries and the International Financial System:

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Developing Countries and the International Financial System:

Content Provider	Scilit
Author	Siegman, Charles J.
Copyright Year	2019
Description	This chapter reviews the evolving role of developing countries in the international financial area. It deals with the two broad spheres of interaction between developing and industrial countries in international finance: international capital flows and the exchange-rate regime. The chapter outlines the changing patterns of financing the current-account deficits of developing countries and the associated indebtedness of these countries. It assesses some of the implications for developing countries of the adoption of floating exchange rates by industrial countries following the breakdown of the Bretton Woods system. Many developing countries have typically faced a structure of balance of payments that consisted of current-account deficits financed by capital inflows. Developing countries will benefit more from the good economic performance of industrial countries than from tinkering with the international financial system. The extension of foreign assistance by Organization of Petroleum Exporting Countries members since 1973 has emerged as a new development in official capital flows. Book Name: The Challenge of the New International Economic Order
Related Links	https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9780429309397-10&type=chapterpdf
Ending Page	213
Page Count	35
Starting Page	179
DOI	10.4324/9780429309397-10
Language	English
Publisher	Informa UK Limited
Publisher Date	2019-07-11
Access Restriction	Open
Subject Keyword	Book Name: The Challenge of the New International Economic Order History and Philosophy of Science Industrial Countries Structure Capital Financing International Financial System
Content Type	Text
Resource Type	Chapter

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