| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12187 |
| 来源ID | Working Paper 12187 |
| Debt Relief | |
| Serkan Arslanalp; Peter Blair Henry | |
| 发表日期 | 2006-05-01 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The G-8 Multilateral Debt Relief Initiative (MDRI) is the next step of the Highly Indebted Poor Countries Initiative (HIPC). There are two reasons why MDRI is unlikely to help poor countries. First, the amount of money at stake is trivial. The roughly $2 billion of annual debt payments to be relieved under MDRI amounts to roughly 0.01 percent of the GDP of the OECD countries%u2014a mere one-seventieth (1/70) of the quantity of official development assistance agreed to by world leaders on at least three separate occasions (1970, 1992, 2002). Second, the existence of debt overhang is a necessary condition for debt relief to generate economic gains. Since the world's poorest countries do not suffer from debt overhang, debt relief is unlikely to stimulate their investment and growth. The principal obstacle to investment and growth in the world%u2019s poorest countries is the fundamental inadequacy in these countries of the basic institutions that provide the foundation for profitable economic activity. In light of these facts, the MDRI may amount to a Pyrrhic victory: A symbolic win for advocates of debt relief that clears the conscience of the rich countries but leaves the real problems of the poor countries unaddressed. |
| 主题 | Macroeconomics ; International Economics ; Development and Growth |
| URL | https://www.nber.org/papers/w12187 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569841 |
| 推荐引用方式 GB/T 7714 | Serkan Arslanalp,Peter Blair Henry. Debt Relief. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12187.pdf（121KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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