EXTERNAL DEBT SITUATION UNDER GLOBALIZATION: CURRENT STATE AND MAIN TRENDS

Abstract

The paper analyses current state and structure of external debt in countries with different levels of income per capita and the specifics of the debt situation in Ukraine under globalization after the first wave of the global financial crisis. Key factors of external debt growth, including factors related to unsolved problems of international finance and the rapid spread of the next cyclical decline in the international economy are outlined.

Keywords

• public external debt
• globalization
• structure of debt
• income per capita
• global financial crisis