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The case for cancellation

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  • Abbott, George C.

Abstract

Given the chronic and crippling impact which their mounting international indebtedness exerts on the economies of many developing countries, cancellation on a fairly comprehensive basis seems the only realistic way of coping with this problem. According to the author, the existing objections to a write-off are mainly emotional and psychological and refuse to recognise that relationships have changed.

Suggested Citation

  • Abbott, George C., 1975. "The case for cancellation," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 10(7), pages 217-221.
    • Handle: RePEc:zbw:inteco:139231
    DOI: 10.1007/BF02928952
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    Keywords

    Debt Consolidation;

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