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- W2486566550 abstract "The present attitude that assumes the debt as a ‘time-bomb’ and that it has been defused as a result of the renegotiation process of the last five years, is very unsettling. This is so because the international financial regime, in spite of the renegotiations remains fragile for variety of reasons. Firstly, because of the uncertain world economic perspective resulting from the low rates of growth forecast for most national economies; secondly, because of a push towards protectionist policies promoted especially in major industrial countries; thirdly, because in the past five years many countries have gone deeper into debt as a result of the renegotiation process itself; fourthly, because of the fact that debt-financing has become an all-encompassing mechanism in the industrial countries, and lastly, because there has not been a structural change in the international monetary system which is considered here as one of the factors of instability." @default.
- W2486566550 created "2016-08-23" @default.
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- W2486566550 date "1989-01-01" @default.
- W2486566550 modified "2023-09-24" @default.
- W2486566550 title "Failures of the Renegotiation Process" @default.
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- W2486566550 doi "https://doi.org/10.1007/978-1-349-10944-9_11" @default.
- W2486566550 hasPublicationYear "1989" @default.
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