Description
Analyzing the origins and consequences of the “global debt crisis” which emerged in the early 1980s, this book assesses both “imperialist” and “New Right” interpretations of the crisis, and also presents a series of case studies of the effects of the external debt upon Africa, Latin America, Eastern Europe and Asia. The book focuses upon the “sovereign debt” of states, and its management, and examines the ways in which the global economic structures, inefficient policies, weak institutions and corrupt political leaders contribute to a global debt crisis which has both international and domestic roots. Stephen Riley is co-author of “The African Debt Crisis” and co-editor of “Corruption and Reform: An International Journal”.
