TITLE

The Baker Plan Struggles for Results

AUTHOR(S)
Heyde, John M.
PUB. DATE
April 1987
SOURCE
Harvard International Review;Apr1987, Vol. 9 Issue 4, p36
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the plan proposed by U.S. Treasury Secretary James Baker to ease the third world debt crisis. Several developing nations, particularly in Latin America, availed commercial loans for financing development. Many countries are not able to pay their loans on schedule due to global recession. Baker perceived financial situation of the debtor countries as a threat to all the parties concerned.
ACCESSION #
21833412

 

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