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FrançaisIn international trade, default is failure to meet the legal obligations (or conditions) of a loan. A national sovereign default is the failure or refusal of a government to repay its national debt. Default can be of two types: Debt services default: occurs…
Read MoreDeveloped countries
A term used to distinguish the more industrialized nations, including most OCDE member countries, from developing or less-developed countries.
Read MoreDeveloping countries
The developing countries generally lack a high degree of industrialization, infrastructure and other capital investment, sophisticated technology, widespread literacy and advanced living standard among their populations as a whole.
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