Doing Business in Less Developed Countries: Financial Opportunities and Risks

Doing Business in Less Developed Countries: Financial Opportunities and Risks

Doing Business in Less Developed Countries: Financial Opportunities and Risks

Doing Business in Less Developed Countries: Financial Opportunities and Risks

Synopsis

There are substantial opportunities and risks in establishing a successful business in developing countries. Financial and economic risks of doing business with developing countries, manifested in World Debt Crisis, require careful examination before a business venture is attempted. The book provides thorough historical information about LDCs' economies and causes of their indebtedness. The most recent data regarding economic performance, indebtedness, and infrastructure of LDCs are presented as well. Intended for those contemplating business in an LDC and the scholars/students of international business and finance.

Excerpt

This book is a natural extension of the authors' academic research programs. Two of the authors have been involved in examining the rescheduling of debt in less developed countries (LDCs) and the third in examining the impact of the North American Free Trade Agreement (NAFTA) on U.S. labor markets. in conducting their academic research programs, it became painfully clear that there was very little written for the practitioner that dealt specifically with the part that debt played in international business relations with LDCs. the purpose of this book is to synthesize the available academic research, particularly in finance and economics, and make it accessible to practitioners.

No previous academic training or experience in international business is necessary for the reader to gain full advantage from this book. Sufficient background is developed throughout the book for the reader to fully appreciate the concepts and information presented.

The authors have focused specifically on indebted LDCs. the reason for this relatively narrow focus, as discussed in Chapter 1, is that there has been adequate treatment of many of the issues facing businesses in international markets. Rather than burdening this book with volumes of discussion concerning more general topics, the reader is simply referred to the existing literature.

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