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DEBT CRISIS AND THIRD WORLD ECONOMIC DEVELOPMENT NIGERIA, A CASE IN POINT

ABSTRACT

The complete emanation of the debt crisis in the third world nations has indeed escalating dimension with very destructive consequences. A lots more submissions have been made on the critical issue in an attempt to look for a mutually sustainable and reliable debt management strategy to both the creditors and the debtor countries. This with a view to enhance economic and political development at this point therefore, much is still to be desired. By and large therefore, the primary concern (problem) of this research endevour is why the third world countries has increasingly found it difficult to dash away out of the enigmatic force that hinders the economic development of their nations i.e. debt crisis. The researcher shall narrate the historical antecedent that led to third world debt, the dare need and inept effect of external indebtedness as well as the various debt management programmes and why political. Using ofcourse, the experience of Nigeria. Many methods of data collection were employ incorporating the two fundamental sources, that is the primary and the secondary sources. A complete findings of this submission make the researcher to critically take a position of the resources why and seek to locate the answer of third world debt crisis by looking only inside the under developed economic as not only disgusting but annoying, preliarly because the economic of the third world with ever increasing debt burden are systematically and badly incorporated into the exploitative structures of the Western Capital of economic system in a way that is very unfavourable to the third worked countries. Usually might make if difficult or even impossible for development to take place in the third world nations.

TABLE OF CONTENT

Title page- – – – – – – – – i

Approval page – – – – – – – -ii

Dedication – – – – – – – – -iii

Acknowledgement – – – – – – – -iv

Abstract – – – – – – – – – -v

Table of content – – – – – – – -vi

CHAPTER ONE

INTRODUCTION – – – – – – – -1

1.0 Background of the study – – – – -1

1.1 Statement of the problem – – – – -5

1.2 Purpose of the study – – – – – -6

1.3 Significance of the study – – – – -8

1.4 Research questions – – – – – -9

1.5 Scope of the study – – – – – – -10

CHAPTER TWO

LITERATURE REVIEW – – – – – – -11

CHAPTER THREE

Research methodology – – – – – – -39

Design of study – – – – – – – -40

CHAPTER FOUR

Presentation, analysis and interpretation of data – -48

CHAPTER FIVE

Summary of findings – – – – – – -60

Conclusion – – – – – – – – -61

Recommendations – – – – – – – -62

Suggestions for further research – – – – -64

References – – – – – – – – -65

Appendix I – – – – — – – – -68

Questionnaire. – – – – – – – -69

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