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Discuss the process of debt accumulation in poor countries

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Reference no: EM132202103

Loans and Debt. Discuss the process of debt accumulation in poor countries, ie, how loans are granted, fall behind in payment, and eventually often lead to a crisis and perhaps "debt relief." How can a negative cycle be avoided? Should we be granting debt relief, if so, on what terms? How is this related to capital flight.

Reference no: EM132202103

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