caa a22 4500 465754279 CHVBK 20180323111843.0 cr unu---uuuuu 170327e19900601xx s 000 0 eng 10.1007/BF02899929 doi (NATIONALLICENCE)springer-10.1007/BF02899929 Danso Alex aut The causes and impact of the african debt crisis [Elektronische Daten] [Alex Danso] This article examines the African debt crisis. It focuses on factors leading to the accumulation of the debts and their impact on the debtor nations. The significance of the study lies in the fact that the African debt burden presents a gruesome picture of hopelessness. This is reflected by the continent's massive debt of $230 billion, equivalent to almost three times the continent's annual export earnings. This is expected to jump to $550 billion by the year 2000. Africa's crushing debt burden has become one of the most important factors constraining recovery and development. As the United Nations Children's Fund estimates, one thousand people die each day in Africa because of the debt crisis. The analysis shows that due to the multifaceted nature of the causes of the debt crisis, both creditors and debtors should agree on the options for dealing with the crisis. It further shows that there is the urgency for Africa to tackle its numerous sociopolitico-economic problems. Africa can make real economic progress only when it begins to get on top of its debt crisis. Springer, 1990 The Review of Black Political Economy Springer-Verlag 19/1(1990-06-01), 5-21 0034-6446 19:1<5 1990 19 12114 https://doi.org/10.1007/BF02899929 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF02899929 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Danso Alex aut NATIONALLICENCE 773 0- The Review of Black Political Economy Springer-Verlag 19/1(1990-06-01), 5-21 0034-6446 19:1<5 1990 19 12114 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer