Dette Extérieure, Croissance Économique et Crises dans Les Pays En Développement : Un Bref Aperçu Théorique, Historique et Statistique[External Debt, Economic Growth and Crisis in Developing Countries: A brief Theoretical, Historical and Statistical overview]

The past three decades, developing countries have not spared of all international financial changes. They almost followed the same historical trends. Today, the destabilizing effects of financial liberalization affect even developed economies. The finding is iconic and risk economic policy. This article provides an overview on the theoretical foundations and the different assessments of relations between external debt and economic growth. A statistical analysis, since the 1960s, comes in support of this thesis. For the last two decades, the data show that the stock of debt of developing countries has risen sharply. They are almost 5 times more indebted. Nonetheless, funders have launched various initiatives to revive growth in these countries. The results are relative. However, these countries are continue vulnerable to climate crisis.