ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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External Debt of Developing Countries-Crisis of Growth

External Debt of Developing Countries Crisis of Growth G C da Costa This article traces the origin and the magnitude of the external indebtedness of the group of 17 highly indebted developing countries, indicates the economic effects associated with it, examines the policy measures which have been devised and implemented in an attempt to alleviate the incidence of indebtedness, as also the economic consequences, in particular (he effects on growth, which have followed these measures. The author also assesses these measures in terms of (he principles of adjustment and equity. The experience of the highly indebted countries points to some lessons which hopefully could be of benefit to countries such as India which have been rapidly enlarging their external commitments.

Indian Economy and the International Environment

Environment G C da Costa International Environment and India's Economic Development by N A Sarma; Abhinav Publications (for Indian Council for Research on International Economic Relations), New Delhi, 1986; pp viii + 100, Rs 60.

India s Trade Balance during the Seventies

is precisely what is offered by the government effectively on the specified priority assets to income-tax payers in a reasonably large income range.

India s Trade Balance during the Seventies

India's Trade Balance during the Seventies G C da Costa IN her note (EPW, May 10) Neela Mukherjee has vehemently attacked my article on India's commodity trade balance over the period 1970-71 to 1981-82 (EPW, March 8-15). According to her "its theoretical formulations and empirical findings are weak and incoherent" and the article "has failed to provide any consistent analysis of India's trade balance" over the period considered. Neela Mukherjee's critique falls into three categories: First, the theoretical formulation of the problem; second, the approach to testing and the interpretation of the findings; finally, the conclusions. I will first, to the best of my understanding, indicate very briefly her objections at these three levels. In the latter part of this note I will try to answer them.

India s Trade Balance during the Seventies

India's Trade Balance during the Seventies G C da Costa This paper investigates the determinants of India's balance of commodity trade with the objective of explaining the movements in the balance of commodity trade and of individual components of the balance over the period

Debt Repayment by Developing Countries

G C da Costa While the overall debt-service picture of developing countries is somewhat dismal, countries with 'critical debt-service burdens, such as Brazil, Argentina, Indonesia, Mexico, Tunisia, India, 'Pakistan, UAR and Yugoslavia, are few, However, among themare some of the more important of the less developed countries. Among them also are some of the more industrialised countries.

Devaluation and Exports-An Interim Assessment

An Interim Assessment G C da Costa While export earnings have recorded a steep decline since the devaluation in June last year, it is necessary to carefully examine the possible reasons for this decline before passing judgement on the devaluation.

Devaluation and Balance of Payments

G C da Costa The devaluation of the rupee has served to illustrate a basic economic proposition, namely, that although a programme of economic development may allow for short term deficits in a country's external accounts, in the long run, external balance is absolutely necessary.

Devaluation and Balance of Payments

The devaluation of the rupee has served to illustrate a basic economic proposition, namely, that although a programme of economic development may allow for short term deficits in a country's external accounts, in the long run, external balance is absolutely necessary.
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