External Debt, Trade and FDI on Economic Growth of Least ...

The US household debt has soared from about 60 percent of GDP in the early 1990s to about 100 percent of GDP today, and under the current trend would rise to 120 percent of GDP by 2010 (Godley, Papadimitriou, and Zezza 2007). [Figure 3.11 is about here] The US household debt cannot keep rising indefinitely relative to GDP or income. ................
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