Foreign Loans and Economic Performance: The Experience of the Less Developed Countries / Ehsan Nikbakht

Book Cover Foreign Loans and Economic Performance: The Experience of the Less Developed Countries
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/ Ehsan Nikbakht
Publisher: Praeger Publishers
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ISBN-10: 0275912353
ISBN-13: 9780275912352


Scholars and many practitioners in the fields of finance and economics now agree that the ultimate objective of financing, whether debt or equity, is to maximize wealth. This paradigm should hold true whether it applies to financing of a micro-entity like a company, or a cacro-entity like a country. Drawing on such a premise, this book examines whether debt financing in the form of foreign loans has led to more wealth in the case of the less developed countries.
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