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 _VO_EA_NN

URY ^VEN

BRA

TUR

TU_PN_AK

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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