International debts of developing countries

One Reason Countries Pay Their Debts: Renegotiation and International Trade

Abstract I estimate the effect of sovereign debt renegotiation on international trade. Sovereigns may fear the trade consequences of default; because creditors deter default, or because trade finance dries up. I use an empirical gravity model of trade and a panel data set covering fifty years, over 150 countries, and other factors that influence bilateral trade. Debt renegotiation is associated...

Effect of Global Financial Crisis on International Trade in Developed and Developing Countries

The recent global crisis, as a big crash ( Baldwin and Simon , 2009), has reduced foreign demand growth affecting total countries’ exports. Given the importance of foreign trade to nations and the reality that recent crisis has affected international trade we study the effects of the global financial crisis on trade relations between countries by using Ma and Cheng (2003) approach and by appl...

Developing countries and international organizations: Introduction to the special issue

We describe four megatrends since the end of the Cold War that relate to developing countries: a greater share of the global economy; more accessible technologies, particularly in communication; breakthroughs in global cooperation in tackling basic human needs; and the evolution of a complex set of problems in spite of the progress. We then examine potential political economy channels that migh...

International Scrutiny and Pre - Electoral Fiscal Manipulation in Developing Countries

Technology, globalization, and international competitiveness: Challenges for developing countries

This paper traces the role of technology in economic growth and competitiveness, summarizes the strategies of the fastest growing economies over the last 50 years from the perspective of their technology strategy, summarizes some of the key global trends which are making it more difficult for developing countries to replicate the fast growth experience of the countries mentioned, and traces the...