THE RELATIONSHIP BETWEEN EXTERNAL DEBT AND ECONOMIC GROWTH: THE CASE OF KYRGYZSTAN
Due to the lack of domestic resources for economic growth, developing countries often resort to external sources, that is, external debt. However, the effective use of external debt is a very important factor. Because precisely because of the inefficient use of these finances, the total external debt grows faster and outstrips the growth of the country's national income, and leads to the fact that the country will have to take new, even larger debts to cover the old ones. This will negatively affect economic growth; moreover, such a burden with external debt will also negatively affect the fate of future generations.
Purpose of this study is to analyze the situation with the country's external debt and its impact on the country's economic growth.
Anahtar Kelimeler:
Kyrgyzstan, external debt
THE RELATIONSHIP BETWEEN EXTERNAL DEBT AND ECONOMIC GROWTH: THE CASE OF KYRGYZSTAN
Due to the lack of domestic resources for economic growth, developing countries often resort to external sources, that is, external debt. However, the effective use of external debt is a very important factor. Because precisely because of the inefficient use of these finances, the total external debt grows faster and outstrips the growth of the country's national income, and leads to the fact that the country will have to take new, even larger debts to cover the old ones. This will negatively affect economic growth; moreover, such a burden with external debt will also negatively affect the fate of future generations.
Purpose of this study is to analyze the situation with the country's external debt and its impact on the country's economic growth.
Keywords:
Kyrgyzstan, external debt,
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- ISSN: 1694-5158
- Yayın Aralığı: Yılda 2 Sayı
- Başlangıç: 1999
- Yayıncı: Kırgızistan Türkiye Manas Üniversitesi
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