{"title":"Would external debts promote sustainable development in emerging and low-income countries?","authors":"Hiep Ngoc Luu, Nguyen Hanh Luu, Huong Thi Thu Phung","doi":"10.1002/jid.3840","DOIUrl":null,"url":null,"abstract":"<p>This paper investigates how external debts influence sustainable development in emerging economies and low-income countries from 101 countries from 2016 to 2020. External debt significantly aids countries in achieving their sustainable development goals but affects individual goal differently. While external debts promote well-being, education quality, gender equality, employment, economic growth, and institutional strength, they negatively affect the sustainability of cities, communities, and ecosystems. Long-term external and public debts make a significant contribution to promoting sustainable development, but excessive external borrowing could hamper sustainable development progress.</p>","PeriodicalId":47986,"journal":{"name":"Journal of International Development","volume":"36 2","pages":"1110-1128"},"PeriodicalIF":1.7000,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Development","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/jid.3840","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
This paper investigates how external debts influence sustainable development in emerging economies and low-income countries from 101 countries from 2016 to 2020. External debt significantly aids countries in achieving their sustainable development goals but affects individual goal differently. While external debts promote well-being, education quality, gender equality, employment, economic growth, and institutional strength, they negatively affect the sustainability of cities, communities, and ecosystems. Long-term external and public debts make a significant contribution to promoting sustainable development, but excessive external borrowing could hamper sustainable development progress.
期刊介绍:
The Journal aims to publish the best research on international development issues in a form that is accessible to practitioners and policy-makers as well as to an academic audience. The main focus is on the social sciences - economics, politics, international relations, sociology and anthropology, as well as development studies - but we also welcome articles that blend the natural and social sciences in addressing the challenges for development. The Journal does not represent any particular school, analytical technique or methodological approach, but aims to publish high quality contributions to ideas, frameworks, policy and practice, including in transitional countries and underdeveloped areas of the Global North as well as the Global South.