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Oh Oh. I said bad things about Americans...in trouble now. Anyways. Here are some figures: "In the 20 year period between 1970 and 1989, the external debt of developing nations grew from $68.4 billion to $1 283 billion, an increase of 1846 per cent. Debt service payments increased by 1400 per cent and were in excess of $160 billion by the end of the 80s." by the way most of this debt is concentrated in South American. Zaid
If you have an interest in this, you might want to read "In Banks we Trust" by Penny Lernoux. Getting a bit dated, as it was written in the early '80's, as I recall, but relevant background info. -r.w. On Fri, 1 Nov 1996, Hard Media wrote: > > Oh Oh. I said bad things about Americans...in trouble now. > > Anyways. Here are some figures: > > "In the 20 year period between 1970 and 1989, the external debt of > developing nations grew from > $68.4 billion to $1 283 billion, an increase of 1846 per cent. Debt service > payments increased by 1400 per cent and were in excess of $160 billion by > the end of the 80s." > > by the way most of this debt is concentrated in South American. > > > Zaid > > > >