Abstract:

International indebtedness means a public debt of a country, money or credit owed by a government to foreign lenders (external debt). Nowadays there is no country without international debt. Article includes description of reasons of creating debt, level of indebtedness of selected countries and its potential results. According to the data presented in the article the most and the least indebted countries are located in different parts of the world, which helped to conclude that there is no regularity with the level of indebtedness among continents. This means that location itself is not the main determinant of indebtedness. It would be too simplistic to claim that territorial factor is crucial for determining indebtedness. Indirectly it can have an impact on this situation, but in fact there are many different, more complex agents that push countries into debts.