Policy and Political Implications of Foreign Indebtedness In Mexico

1987 ◽  
Vol 29 (4) ◽  
pp. 147-156
Author(s):  
Rogelio Ramírez de la O
Keyword(s):  
World Economy ◽  
Debt Crisis ◽  
Foreign Debt ◽  
Political Democracy ◽  
Industrialized Countries ◽  
Urban Sector ◽  
Political Implications ◽  
Domestic Debt ◽  
The World ◽  
Foreign Indebtedness

This Article Will Discuss some of the implications of Mexico's indebtedness, particularly those which derive from the connection between the foreign debt and the rapidly growing domestic debt. The debt of developing countries is one of the great barriers to the recovery of the world economy: it cancels markets which would otherwise be open to the exports of industrialized countries, and it relegates a very large portion of the world to a situation of low growth or stagnation. Without doubt, Latin America is the region worst hit by the world debt, a continent which, only two decades ago, offered one of the most promising areas for expansion: it had a relatively advanced industry and urban sector, with political democracy and a large middle class. All this seemed to fall apart after the debt crisis of the 1980s, but the problems which led to this crisis began back in the late 1960s, when democratic governments began to be supplanted by military ones.

scholarly journals Features of Corporate Management of Mergers and Acquisitions Processes

2020 ◽  
Vol 11 (514) ◽  
pp. 424-429
Author(s):  
O. V. Ptashchenko ◽  
Keyword(s):  
Mergers And Acquisitions ◽  
World Economy ◽  
Structural Changes ◽  
Social Situation ◽  
Corporate Management ◽  
Industrialized Countries ◽  
Modern Development ◽  
The World ◽  
Business Efficiency ◽  
History Of

The article examines the main features and identifies the main trends in the global M&A market. The modern development of the economy is characterized by the spread of the processes of globalization, and it can be noted that, one way or another, the latest waves of mergers and acquisitions are tightly related to the flow of these processes. The history of mergers and acquisitions processes in the world economy shows that all surges in mergers and acquisitions agreements were and are accounted for periods of structural changes, industrial rises, technological revolutions, significant organizational restructuring of the world economy. Mergers and acquisitions of companies are one of the most important business development instruments in the market economy. The purposes of these processes are often the growth of company and the use of various kinds of synergies, which is manifested in strengthening its impact on markets and improving business efficiency. Most mergers and acquisitions agreements are concluded by industrialized countries, their role is increasing for developing countries. The dynamics of the M&A processes market will largely depend on the ability of companies to enter into large contracts announced either at the end of the past year or earlier this year. Only then it could it be stated that the growth of activity in the mergers and acquisitions market has become a long-term trend. Many experts believe that a new wave of M&A will inevitably lead to an increase in unemployment, and this, in turn, will lead to an aggravation of the social situation and require additional costs from the budget.

BRICS, emerging markets, and the world economy

2020 ◽  
pp. 93-115
Author(s):  
Deepak Nayyar
Keyword(s):  
Developing Countries ◽  
Emerging Markets ◽  
Economic Impact ◽  
Global Governance ◽  
Rapid Growth ◽  
World Economy ◽  
International Institutions ◽  
Industrialized Countries ◽  
The World ◽  
Economic Size

The object of this chapter is to analyse the global implications of the economic rise of BRICS and a larger set of emerging markets (Next-14) among developing countries. It sets the stage by outlining the broad contours of change in the world economy during the past sixty years and highlighting the discernible shift in the balance of economic power. It then examines the growing significance of BRICS and Next-14, since 1980, in terms of their economic size, engagement with the world economy, and industrialization. It analyses the possible economic impact of rapid growth in BRICS on the world economy, on industrialized countries, and on developing countries, to show that this could be either positive or negative, so that the balance would shape outcomes. Going beyond economics into politics, it considers the factors underlying the evolution of BRICS as a formation, to discuss their potential influence on international institutions and global governance.

Von einer Neuen Weltwirtschaftsordnung zu einer neuen Weltfreihandelsordnung oder mehr Freihandel statt mehr Gerechtigkeit

1992 ◽  
Vol 36 (1) ◽  
pp. 32-40
Author(s):  
Wolfgang Kessler
Keyword(s):  
Trade Policy ◽  
Free Trade ◽  
World Trade ◽  
World Economy ◽  
World Wide ◽  
World Market ◽  
Industrialized Countries ◽  
The World ◽  
Free Trade Policy

Abstract Wolfgang Kessler gives a report on the latest developments ofthe GATT negociations. The failure ofthe Uiruguay round in the autumn of 1990 and the irksome attempts at reanimation are depicted as a result of the strategy ofthe industrialized countries to bargain for their interests by demanding an extension oftheir free trade policy on additional parts of the world market. Kessler contrasts this strategy with a model of an ecologically and socially regulated world trade founded on world-wide agreed upon treaties that focus on a sustainable world economy.

scholarly journals Economic and financial relations of Serbia with foreign countries in the period 2000-2003

2004 ◽  
Vol 44 (160) ◽  
pp. 75-89 ◽  
Author(s):  
Mladjen Kovacevic
Keyword(s):  
Foreign Currency ◽  
Debt Crisis ◽  
Foreign Debt ◽  
Trade Deficit ◽  
Goods And Services ◽  
Long Run ◽  
Foreign Countries ◽  
Floating Exchange Rate ◽  
Foreign Indebtedness ◽  
High Level

The dissolution of the federation, war in the immediate environment, the UN sanctions, scarce investment as well as the NATO air-attacks had disastrous consequences for trade and financial relations of Serbia with foreign countries. Simultaneously, its foreign debt rose sharply due to the accrued interests, being at the end of 2000 substantially higher than Serbian gross domestic product. Thanks to the write-off of 51% of debt towards the Paris club, a windfall of donations and obtaining new favorable medium-term and long-term credits, the condition of Serbia's international financial relations considerably improved in the period 2001-2003, thus enabling it to run a foreign-exchange surplus during this period. Due to the policy of de facto floating exchange rate, sudden and drastic liberalization of imports and the lack of non-tariff protection, exports of goods and services in the last three years, contrary to plans, have increased much more slowly than imports, resulting in a large increase in growth and an enormously high level of trade deficit unsustainable in the long run. Due to new credits euro-denominated and other foreign-currency denominated debts being converted into the increasingly weaker dollar and the accrual of interests Serbian foreign debt increased sharply reaching an all-time high at the end of last year and being twice as high as was officially predicted three years before. The level of foreign debt is very high. Trade deficit and foreign indebtedness have become the most serious problems of Serbian economy and unless appropriate measures are taken, it will soon face a serious debt crisis.

Phenomena of NIC: Evolution and Modernity (the end)

2012 ◽  
pp. 76-88
Author(s):  
E. Ostrovskaya
Keyword(s):  
World Economy ◽  
World Market ◽  
Pacific Region ◽  
Industrialized Countries ◽  
Foreseeable Future ◽  
Newly Industrialized Countries ◽  
Asian Pacific Region ◽  
Starting Point ◽  
The World ◽  
Asian Pacific

The publication represents the outcomes of the regular academic seminar “Current problems of development” conducted in the Center of the problems of development and modernization of IMEMO RAS. The report analyses general trends and national specifics of newly industrialized countries, their experiences and trends. This is a starting point for predicting future role and significance of these notable players on the world market. It is concluded that, possibly, we can see similar evolution in other states of Asian-Pacific region, whose importance in the world economy will, no doubt, continue to grow in the foreseeable future.

World Overview

2011 ◽  
Vol 218 ◽  
pp. F13-F21
Author(s):  
Dawn Holland ◽  
Aurélie Delannoy ◽  
Tatiana Fic ◽  
Ian Hurst ◽  
Iana Liadze ◽  
...  
Keyword(s):  
Sovereign Debt ◽  
European Central Bank ◽  
World Economy ◽  
Debt Crisis ◽  
Sovereign Debt Crisis ◽  
European Central ◽  
Widespread Agreement ◽  
The World ◽  
Heads Of State ◽  
Bail Out

Global economic prospects have deteriorated markedly in recent months. Risks around our central forecast have shifted distinctly to the downside. Much of this is due to the heightened uncertainty surrounding Europe's sovereign debt crisis. There is widespread agreement among policymakers - ranging from the IMF, European Commission and European Central Bank to individual heads of state both within and outside the Euro Area - that resolution to the crisis requires urgent, comprehensive and coordinated action. Yet 17 months after the first bail-out programme was introduced in Greece, policymakers have failed to deliver a strategy that promises a credible prospect of growth and an end to rising debt profiles. Solvency concerns in three relatively small peripheral countries (Greece, Ireland and Portugal), combined with weakening growth across the continent, raise the dangerous spectre of illiquidity beginning to affect solvency in the larger core economies with high debt ratios - notably Italy. Left unchecked, the consequences would be severe for the world economy.

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