The Politics of Global Debt

The Politics of Global Debt is a detailed political analysis of the origins and consequences of the 'global debt crisis' which emerged in the early 1980s. It assesses both 'imperialist' and 'New Right' interpretations of the crisis, and also presents a series of case studies of the effects of external debt upon Africa, Latin America, Eastern Europe and Asia. The book focusses upon the 'sovereign debt' of states, and its management, and examines the ways in which global economic structures, inefficient policies, weak institutions, and corrupt political leaders contribute to a global debt crisis which has both international and domestic roots.