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UBC Theses and Dissertations

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UBC Theses and Dissertations

The external debt of Southeast Asia Switucha, Ulana Tamara

Abstract

In recent years the accumulation of debt by the underdeveloped nations has developed into a major issue in international relations. The question of debt concerns the pace and composition of borrowing by the developing nations as well as the impact of the accumulated debt burden on the development of the economy. The structure of a country's external debt is further related to the effect of this debt on the nation's interaction with other nations, in particular the developed economies. The purpose of this thesis is to examine the issue of debt in light of the experience of the five member nations of the Association of Southeast Asian Nations (ASEAN): Indonesia, Malaysia, the Philippines, Singapore, and Thailand. ASEAN's experience with debt, with particular reference to each member-state's relationship with its creditors will be the focus of the ensuing evaluation and discussion. The thesis has been designed to provide a case study of debt for a group of developing countries and examine the strategy used by those states to alter their position in the international economic and financial system.

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