• Dr Kamal Kishore

It has been well established that external debt of developing countries increased manifold over the past three decades. There has also been corresponding rise in the debt service payments and other related variables showing pressure of debt on developing world. There have been many factors which exerted their influence on debt from time to time and consequently the problem continued to become more severe. The factor behind the increase in the debt burden have varied but are interrelated. A number of studies have summarized both external as well as internal factors responsible for debt problem to accentuate. mobilisation of domestic resources, longer term loans, productive use of resources etc are required to contain the problem.

Debt, Development, Long Term

"DEBT CRISIS OF THIRD WORLD: CAUSES AND CURES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.2, Issue 5, page no.480-491, May 2015, Available :http://www.jetir.org/papers/JETIR1701057.pdf

"DEBT CRISIS OF THIRD WORLD: CAUSES AND CURES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.2, Issue 5, page no. pp480-491, May 2015, Available at : http://www.jetir.org/papers/JETIR1701057.pdf