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Indebtedness and poverty

Author

Listed:
  • Pierre Salama

Abstract

Today the indebtment level is raised and the responsibility of this situationdoesn’t fall back on the International Monetary Fund or the banks. The indebtment has originin the functioning of accumulation regimes and in the economic policy followed in the70’s. The modification of the world economic situation, the crossing of an indebtment internationaleconomy with liquidity to an economy without liquidity contributed so much tothe debt become autonomous in relation to the productive system. The dollarization of economiesand liabilities of public enterprises, the fall of real wages, the increasing impoverishmentof new stratums of population, the aggravation of alimentary misery in the cities, constitutethe consequences of this indebtment. JEL Classification: F34; O15.

Suggested Citation

  • Pierre Salama, 1985. "Indebtedness and poverty," Brazilian Journal of Political Economy, Center of Political Economy, vol. 5(1), pages 67-83.
    • Handle: RePEc:ekm:repojs:v:5:y:1985:i:1:p:67-83:id:1833
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1833/1819
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    More about this item

    Keywords

    Debt crisis; external debt; hunger; impoverishment;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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