GLOBALISATION AND THE GROWING DEBT BURDEN/67
billion; Indonesia, Sill.5 billion; Brazil, Sill billion; India, S96.4
billion; Argentina, S80.1 billion; Turkey, S67.8 billion.
Table 5.1 Growth in financial assets, 1980-92 (Sbn and %)
Asset type
Currency
International bonds
Government bonds
Company bonds
- bank
- non-bank
Stocks
TOTAL
1980*
4,839
207
1,934
487
489
2,750
10,706
%
43
2
18
9
28
100
1991-92
11,288
1,465
8,707
1,856
1,844
10,323
35,483
%
32
4
25
10
29
100
RG«
1
13
9
7
6
5
- Expressed in 19 9 2 dollars.
** RG = average annual real rate of growth in %.
Source: McKinsey, 1994, inChesnais, 1996, p. 25.
Table 5.2 Share of financial markets in foreign debt (Sbn)
Country
Mexico
China
Thailand
South Korea
Indonesia
Brazil
India
Argentina
Turkey
Total debt
134.4
125.3
116.3
113.5
111.5
111.0
96.4
80.1
67.8
Owed to Financial Markets
73.8
67.4
95.2
102.4
48.3
73.4
28.3
50.6
38.7
%
54.9
53.7
81.9
90.2
43.3
66.1
29.4
63.2
57.1
Total 956.3 578.1 60.5
Source: OECD, Quelques aspects de la dette exterieure a la fin de 1995, Paris,
1996.