External public debt problem in developing countries

master's thesis

• Title: External public debt problem in developing countries : Case of Turkey
• Author: Semih Cufalar
• Mentor: Tomislav Globan (mentor)
• Committee member: Tomislav Sekur (član povjerenstva)
• Committee member: Ana Andabaka (član povjerenstva)
• Committee member: Tomislav Globan (predsjednik povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2023-09-19, Turkey
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Economics of Entrepreneurship

Abstract

One of the most important goals of developing countries is to materialize sustainable economic
growth and development. To realize this, the level of domestic investments and employment
should be increased, which depends on the capital stock that developing countries usually lack.
Foreign external debts play a key role in accelerating economic growth, investment, and
exports. An insufficient level of domestic capital accumulation generally forces developing
countries to source finances using debts from foreign countries, banks, and international
organizations.
The most fundamental problem facing developing countries today is the lack of domestic capital
accumulation. Foreign debt is a common solution to increase investments in many developing
countries. The growing level of external debt and its periodic servicing is indeed among the
leading problems in the economy, which have the potential to cause frequent macroeconomic
and financial instability.
This study is concerned with the problem of foreign debts in developing countries. The reasons
behind the growing number of foreign debts from developing countries to developed countries
and its consequences are especially emphasized. To develop a perspective to understand the
foreign debt phenomenon, the first two sections of the study are devoted to related terms and
definitions and the historical development of foreign debt and aids after the Bretton Woods
system. In the remaining sections, the foreign debt problem is analyzed on a case-by-case basis
using data from several developing countries and solution proposals are discussed. In a separate
section, the problem of external debts in Turkey is examined in detail.

• Keywords: External Debt; Developing Countries; Debt Crisis; IMF; Foreign aid.
• Language: english
• URN:NBN: urn:nbn:hr:148:668827
• Study programme: Title: Economics; Study programme type: university; Study level: graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2023-09-19 12:42:04