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South Korea : Successful large-scale international borrower

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  • South Korea
  • Fertig, Klaus
  • Verlag Weltarchiv


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Title South Korea
Similar Titles
Sub Title

Successful large-scale international borrower

Material Type Articles
Author(English)

Fertig, Klaus

Publisher

[Hamburg, Germany]:Verlag Weltarchiv

Date 1983
Journal Title; Vol./Issue Intereconomics:vol. 13(issue 3)
Pages 7
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Verlag Weltarchiv

Abstract

At the end of 1982 South Korea had foreign debts of US $ 38 billion, the third highest total for a developing country after those of Mexico and Brazil. In contrast to these countries, however, South Korea has avoided debt crises so far. In view of the 20 or more rescheduling operations carried out in 1982, the country is at present a model for a successful programme of borrowing. The development of this Far Eastern country therefore deserves closer examination.