World Chronicle 458: Ishrat Husain, World Bank

Michael Littlejohns interviews Ishrat Husain, Chief Economist of the African region of the World Bank, for World Chronicle program 458.

• Categories: News & Features / Features / World Chronicle
• Video Length: 00:28:02
• Production Date: 16 January 1992
• Asset Language: English
• Personal Subject: MARIA GARCIA; MICHAEL LITTLEJOHNS; OBI EMEKEKWUE; TED MORELLO
• Corporate Name: WORLD BANK
• Subject Topical: DEBT; DEBT MANAGEMENT; ECONOMIC CONDITIONS; ECONOMIC DEVELOPMENT; ECONOMIC SITUATION; ECONOMY
• Geographic Subject: AFRICA
• MAMS Id: 2115310
• Parent Id: 824525

Description

Third World Debt

Ishrat Husain, chief economist of the African region of the World Bank, highlights the economic growth and stability most Asian countries achieved during the 1980s by switching expenditures, expanding exports, curtailing consumption and using borrowed funds in productive investments. In contrast, Mr. Husain says, countries of Latin America and Africa expanded external borrowing to offset the effects of the worldwide economic crisis. Reducing the debt is the only way to provide relief to African countries, Mr Husain suggests.

• Scripts: File; 458.pdf (37.61 KB)