Long-Term Capital Movements



43

Figure 5. Net foreign assets and public debt
(average change, 1990-98 over 1980-89)

A. Industrial countries

IRL

PRT

NOR

-.2


-.2


DNK

JPN

AUS


.2

avg change in public debt


.4


.6


B. Developing Countries

BWA


SGP


.5 -

JAM

ZAF

PHL

PMANAR

KOR   VOEANN

URY   VEN

BRA

TUR

TUPNAK

ECU

TTO

MUS

SLV

0 -

MEX

ZWE

DZA

GTM

MYS

THA

COL


φ
σ)
⊂
(ŋ
r
O

σ)
>
(ŋ

-.5 -
I                                                                                        I                                                                                        Γ"

-.5                                     0                                     .5

avg change in public debt



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