lec_15_110B

lec_15_110B - Economics 110B World Economic History II...

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    Economics 110B  World Economic  History II Spring 2008  University of California, Davis Lecture 15: Debt Crises, Debt Disasters  and Debt Relief
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    Today’s Program The history of excessive debt The level of debt now and the unhappy statistics The early years---from UNCTAD to HIPC The players Multilaterals—IMF/World Bank  Bilateral Lenders—Governments—Paris Club Total Debt Relief—Jeff Sachs, Bono, Jubilee 2000 Debt Relief so far and future prospects 20 Years of debt relief/concessions/rescheduling Who has been approved? Has it been successful?
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    Readings Sachs, Jeffrey; Botchwey, Kwesi; Cuchra; Maciej and  Sievers, Sara (1999) “Implementing Debt Relief for the HIPCS” Center for International Development  at Harvard University working paper This is posted on smartsite World Bank HIPC site:  http://www.worldbank.org/hipc/
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    Information on the FINAL EXAM The final will NOT be in class as advertised. It will be on Saturday June 7 th  at 8 A.M. The  university has given us no choice in the matter. Instead we will review by way of a documentary  DVD on either the Interwar period or the current  period.
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    The Problem of High Debt in Poor  Countries     Debt payments in the HIPCS take up too many scarce resources.  This disables attempts to develop and hinder economic growth. HIPCs need the resources to deal with health and education and 
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This note was uploaded on 08/18/2008 for the course ECON 111B taught by Professor Meissner during the Spring '08 term at UC Davis.

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lec_15_110B - Economics 110B World Economic History II...

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