PO220 Lecture Notes - Lecture 10: Heavily Indebted Poor Countries, Devaluation, Comparative Advantage
Document Summary
Bit to people in your own country (sell it to the private sector) If there is no one in this country that wants to company, then they could look at different countries. If no one wants to buy it/not prepared to sell it, they run it as if it was privatized, even though it is run by the government. Removal of foreign investment and foreign trade barriers. Questioned whether markets work better in states in call circumstances, if you"re allocating resources, it seems like states need to be involved rather than markets. The problem is that countries are not committing enough, and are not taking it seriously enough. If you do what we are telling you, we will relieve your debt. Many donors stepped up and cancelled money that highly indebted poor countries owed them cancellation began. If your per capita or gni was 380$ us dollars or less, your debt was cancelled.
