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For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries have
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Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-mar
Global Waves of Debt
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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many
The Debt Trap
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Details the history of the first thirty years of the system of aid and credit in which the IMF is the keystone.
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International Debt Statistics (IDS), a long-standing annual publication of the World Bank, features external debt statistics and analysis for the 120 low- and m