'Debt and Development in Historcial Perspective: The External Constraints of Late Industrialization Revisited through South Korea and Brazil' - Article by Andrew Fischer in The World Economy
In his article published in The World Economy, Associate Professor Andrew Fischer argues that late industrialization generates a structural tendency to run trade deficits, thereby exacerbating rather than relieving external foreign exchange constraints. He looks at South Korea and Brazil in his analysis of mainstream and heterodox contemporary scholarship on debt and development.
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The full article is open access and can be read on The World Economy website.