External Debt and Prospects for Minerals‐exporting Developing Countries

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Abstract

This article examines the extent to which selected non‐fuel minerals‐exporting developing countries can rely on their traditional source of hard‐currency earnings to promote future economic growth and to facilitate payments for interest and amortization of accumulated debt. The countries (and minerals) under consideration are: Chile (copper), Bolivia (tin) and Jamaica (bauxite). Incorporated into the study are sets of alternative assumptions regarding global demand for these minerals to the end of the century, market shares, mineral prices, external debt levels and interest rates. More specifically, the study examines the likely ranges of future export revenues of these countries from these minerals in the years 1990 and 2000, and the role that these future export revenues may play in servicing external debt. 1986 United Nations

Original languageEnglish
Pages (from-to)315-330
Number of pages16
JournalNatural Resources Forum
Volume10
Issue number4
DOIs
Publication statusPublished - Nov 1986

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