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Beyond the Debt Crisis

In: International Development Co-operation

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  • D. John Shaw

Abstract

The effects of the ‘lost decade’ of the 1980s on the Third World have been devastating — more than is usually realized. It will be an almost impossible task for Third World countries to make up for the losses in the coming decades. In this sense, the ‘lost decade’ will be with us for a long time to come. This essay speculates about the long-term trends, both favourable and unfavourable, for Third World countries, and expresses some doubts whether the currently predominant neo-liberal counter-revolution will really serve to lay the foundation of future solid and sustainable growth. A more eclectic and country-specific approach is advocated.

Suggested Citation

  • D. John Shaw, 2001. "Beyond the Debt Crisis," Palgrave Macmillan Books, in: D. John Shaw (ed.), International Development Co-operation, chapter 7, pages 161-168, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28729-7_8
    DOI: 10.1057/9780230287297_8
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