Resolving the Debt Crisis of Low-Income Countries

By J. Sachs. 2002

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THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH: A COMPARATIVE STUDY OF NIGERIA AND SOUTH AFRICA (2008, background): “2007). Sachs (2002) argues that growth will not take-off until capital stock has risen to a”
Impact of Domestic and External Debt on Economic Growth of Pakistan (2013, background): “This means the increased debt able to bear the debt service burdens and the poor servicing liabilities reduces the economic growth as large countries become more vulnerable to even small economic portion of government income is used in paying interest shocks [5].”
Public Investment, Growth, and Debt Sustainability: Putting Together the Pieces (2012, background): “Sachs (2002), for instance, argues that “the so-called debt sustainability analysis is built on the flimsiest of foundations,” arguing that it is little more than a set of accounting identities and exogenous projections.”