There Is No Economic Imperative That Will

If You Have A Lot Of Short-term Debt, It Means That All Of That Money Can Be Demanded In A Very Short Period Of Time. Technically, Short-term Debt Means Money That's Coming Due Within A Year. Typically, It Means Money That's Coming Due Within 30 To 90 Days.

The Runs Started In Thailand After The Imf Intervened In Such A Dramatic Way. Then The Imf Came To Indonesia.

In The Early 1990s, When A Lot Of The Developing World Opened Up To International Capital Flows... They Ended Up In Very Good Long-term Projects, But Projects That Weren't Going To Pay Off For Five Or 10 Or 20 Years.

The Essence Of Africa's Crises Is Fundamentally It's Extreme Poverty.

Unfortunately, The Real Focus In This Country Has Not Been On The Rest Of The World. It's Been On Our Own Issues And Our Own Problems. Fair Enough. But It Means That Our Simple Hopes That Everything Will Just Work Out Abroad Aren't Really Coming To Pass.