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Trade and Development Report 1993

image of Trade and Development Report 1993

The focus of the report is the functioning and interaction of all the different constituent parts of the world economy and of related dimensions of national and international policy. Special attention is given to issues of concern to developing countries. The coverage includes the movements of macroeconomic aggregates in developed and developing countries and in the economies of transition, international trade and trade policies and financial and commodity markets.

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The debt crisis is not over

The year 1992 symbolically marked the tenth anniversary of the international debt crisis. This has triggered a lively debate among scholars and policy makers: Is the debt crisis really over? If not, what remains to be done, and by whom? It is worth recalling that the debt crisis has had global ramifications, with repercussions on a variety of actors besides the debtor countries themselves, including creditor countries, commercial banks and international financial institutions (IFis). The end of the debt crisis means different things to different actors. The crisis may be over for some, but not for others.

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