IS SLOW ECONOMIC GROWTH ORIGINATING FROM THE TOTAL EXTERNAL DEBT STOCK IN DEMOCRATIC REPUBLIC OF CONGO?
نویسندگان
چکیده
Unsustainable debt reduces the productivity of a country. Ten years following its “1960 independence”, Democratic Republic Congo adopted policies that resorted to external finances while world was at peak 1970 Petro-dollar crisis. The decade, in 1980’s, with fall price raw materials, trapped an unsustainable burden cycle stagnated economy and according World Bank data, reduced GDP per Capita. rise active armed conflicts 1990’s political unrest during 2000's added pressures resort further financial support from creditors, facilitating corruption poverty process.
 inability service debts leads economic consequences. One these consequences is reduction productivity. With empirical evidence, our analysis will be looking Congolese independence 1960 historical democratic transfers power late 2018 understand effects growth.
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ژورنال
عنوان ژورنال: Theoretical and Practical Research in Economic Fields
سال: 2021
ISSN: ['2068-7710']
DOI: https://doi.org/10.14505/tpref.v12.1(23).01