P/E/272. Dissertation. African debt crisis: background and ways out

The dissertation looks at the costs of accumulating an external debt examining the reasons for and implications of the African debt crisis. The review of literature touches upon the history of world debt crises, the economic decline in Sub-Saharan Africa in the last decades of the 20th century; the ways to end the crisis; the costs of debt cancellation, etc. Successes and failures of the previous debt relief initiatives in Africa are discussed. The benefits of the debt cancellation for the African economy are argued.