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

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

Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.

Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-mar