Debt and Development in Small Island Developing States [Paperback]

Debt and Development in Small Island Developing States draws on the expertise of established researchers and public officials from within the SIDS community to answer the following pressing questions related to sustainability, debt accumulation, and prospects for future growth.1. Introduction; David Tennant and Damien King PART I: THE PROBLEM - PAST, PRESENT, AND PROSPECTS 2. The Developmental Impact of Debt; David Tennant 3. The Debt Experience of SIDS in the Caribbean; Michelle Robinson 4. The Debt Experience of SIDS in the Pacific; Biman Prasad and Kushneel Prakash 5. The Debt Experience of SIDS in the Atlantic, Indian Ocean and South China Sea (AIMS); Kaymara Barrett, Altricia Dawson and Sidonia McKensie 6. Prospects for the Growth of Debt in SIDS; David Tennant and Kario-Paul Brown PART II: CAUSES OF DEBT ACCUMULATION IN SIDS 7. The Sources of Debt in SIDS; Damien King 8. Institutional Causes of Debt in SIDS in the Caribbean, Pacific and AIMS Regions; Colin Bullock and Christine Clarke PART III: AN AGENDA FOR DEBT SUSTAINABILITY IN SIDS 9. An Assessment of Recent Remedial Action Taken by Selected SIDS; Michelle Robinson 10. Debt Sustainability and Sustainable Development in SIDS; Abdullahi Abdulkadri 11. Elements of an Agenda for Debt Sustainability in SIDS; Damien King 12. Conclusion; Damien King and David Tennant

The obligation to have to cope with severe and recurring economic and financial crises is an ordinary and familiar circumstance of the typical small island developing state. The emergence of a debt crisis, characterized by the new unenviable status of these nations as among the world's most highly indebted countries, could therefore be seen as just another chapter in the crisis ridden history of small island states. This time it is different. The debt crisis and the measures that have to be used to deal with it, may turn out to be the most imposing constraint on sustainable development in these countries. This book dealing with the debt crisl#K