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In the 1980s Yugoslavia's large foreign debt and rising inflation lowered the standard of living in Bosnia and Herzegovina.
During his first years in office, however, he struggled to reduce the country's large foreign debt and high unemployment.
Whoever wins will have to deal with an economy saddled with a large foreign debt and diminished exports.
Business and consumer debt levels are high relative to income, and the country has accumulated a large foreign debt.
Over the last decade, the Sudan has suffered under a worsening economic crisis, a large foreign debt, famine, drought and floods.
Q. Could you describe Brazil's economy before 2010? A. Under Fernando Henrique Cardoso, president from 1995 until 2002, Brazil took measures to handle its large foreign debt load and, most importantly, high inflation.
Similar(47)
Alfonsín had inherited large foreign debts and debt-ridden state enterprises.
At the same time, some ominous signs appeared; often borrowing against projected export earnings, the Peruvian and other governments ran up large foreign debts in the late 19th century.
Investors had come to believe that wild swings in the business cycle were a thing of the past, making them all too willing to take on risk, including loans to countries that already had large foreign debts.
But a responsible government would meanwhile try to ensure that national savings -- public plus private -- are high, so that future workers are well equipped with capital and not burdened with large foreign debts.
Strong, persistent economic growth, propelled in part by young, rising populations, can overcome occasional bouts of weakness in mature economies, policy errors at home, large foreign debts and other unfavorable conditions, she said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com