Համաշխարհային և տարածաշրջանային պարտքային ճգնաժամը / The Global and Regional Debt Crisis

Abstract

In the conditions of the globalization of the global economy and the deepening of economic integration, the external debt appears as a unique form of relations between the global economy and individual regions and group of countries. External debt affects a country's creditworthiness and investors' expectations. Such a circumstance creates a unique chain of interdependencies and interconnections between them. There is a situation where "everyone depends and is connected to everyone". It is obvious that foreign debt is a special form of loanable capital, which, as shown by the development indicators of the global economy in the last decade, has a progressive coefficient of other main macroeconomic indicators (GDP, foreign trade turnover, including exports and imports).