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Debt and Development

Hanlon, Joseph (2009). Debt and Development. In: Haslam, Paul; Schafer, Jessica and Beaudet, Paul eds. Introduction to International Development: Approaches, Actors, and Issues. Oxford University Press, pp. 254–270.

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Abstract

Poor countries have been borrowing from richer countries for 800 years, and the cycle of over-lending and default has been repeated many times. The 1980s debt crisis came from loan pushing and illegitimate lending in the 1970s. Meanwhile, the United States has become the world's largest borrower, and since 1982 there has been a huge transfer of wealth from poor to rich countries.

Item Type: Book Section
ISBN: 0-19-542804-8, 978-0-19-542804-9
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Development
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Related URLs:
Item ID: 12123
Depositing User: Joseph Hanlon
Date Deposited: 23 Oct 2008 07:43
Last Modified: 06 Aug 2019 08:29
URI: http://oro.open.ac.uk/id/eprint/12123
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