The emerging debt problems of small states

"In recent years there has been a significant rise in the indebtedness of small states. However, unlike major debtors and the Heavily Indebted poor Countries (HIPCs), the emerging debt problems of small, mainly middle income, states have received little international recognition or attention." "Thirteen small middle-income Caribbean economies are amongst the most indebted thirty emerging market economies in the world. Similar conditions apply in a number of other small economies in africa, the Indian Ocean and the Pacific." "Dinesh Dodhia examines the history of this indebtedness, its likely causes in different economies, and prospects for dealing with the debt problem in the future. He argues that there is a need for a comprehensive international framework to deal with it."--BOOK JACKET.