Sentences with phrase «debt than developing countries»

However, developed countries always have higher levels of private debt than developing countries do, partly due to very low access to credit and credit cards in developing countries.

Not exact matches

While the U.S. and Europe are currently grappling with huge debts, a lot of the developing countries had their financial crises more than a decade ago and are now less vulnerable to shocks.

Those countries with less - developed institutions and financial systems, limited policy credibility, greater foreign currency debt and / or more precarious economic situations are certainly more exposed than others to external shocks.

The 1980s African debt crisis was created by a variety of factors (much more complex than the commonly attributed «poor African leadership» theory), including irresponsible over-lending by private creditors seeking high returns, the tendency towards one product commodity economies, the targeting of developing countries for high interest loans, the global monetary shock of 1979 - 81, trade protectionism in Northern countries, the depreciation of the US dollar, the prolonged drought of 1981 - 84, among other factors (see African Debt Revisitdebt crisis was created by a variety of factors (much more complex than the commonly attributed «poor African leadership» theory), including irresponsible over-lending by private creditors seeking high returns, the tendency towards one product commodity economies, the targeting of developing countries for high interest loans, the global monetary shock of 1979 - 81, trade protectionism in Northern countries, the depreciation of the US dollar, the prolonged drought of 1981 - 84, among other factors (see African Debt RevisitDebt Revisited).

In fact, their economies have grown more quickly than they have issued debt, leading to a substantial drop in their debt - to - GDP ratios.7 Although their budget deficits remain higher than that of the average developed country, they are now well below their rate of GDP growth (something many developed market countries can't claim).

According to some key metrics, they actually appear stronger than many developed market countries — they have lower debt burdens, lower deficits, and higher reserves.

In markets for government debt, favoring the a priori safe bet of high - debt - issuer countries, such as the United States, Japan, and developed European nations, can be far riskier to an investor's wealth than interest - rate volatility or credit ratings may suggest.