Would external debts promote sustainable development in emerging and low‐income countries?

This paper investigates how external debts influence sustainable development in emerging economies and low‐income countries from 101 countries from 2016 to 2020. External debt significantly aids countries in achieving their sustainable development goals but affects individual goal differently. While...

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Veröffentlicht in:Journal of international development 2024-03, Vol.36 (2), p.1110-1128
Hauptverfasser: Luu, Hiep Ngoc, Luu, Nguyen Hanh, Phung, Huong Thi Thu
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Luu, Nguyen Hanh
Phung, Huong Thi Thu
description This paper investigates how external debts influence sustainable development in emerging economies and low‐income countries from 101 countries from 2016 to 2020. External debt significantly aids countries in achieving their sustainable development goals but affects individual goal differently. While external debts promote well‐being, education quality, gender equality, employment, economic growth, and institutional strength, they negatively affect the sustainability of cities, communities, and ecosystems. Long‐term external and public debts make a significant contribution to promoting sustainable development,  but excessive external borrowing could hamper sustainable development progress.
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subjects Debt
Economic growth
Employment
External debt
external debts
Gender inequality
long‐term debts
private debts
Public debt
public debts
short‐term debts
Sustainability
Sustainable development
sustainable development goals
title Would external debts promote sustainable development in emerging and low‐income countries?
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