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Who Owes Who: 50 Questions about World Debt
Using 50 questions and answers, this book explains the debt impasse for developing countries in a simple but precise manner. It details the roles of the various actors involved, the mesh in which indebted countries are caught, the possible scenarios for getting out of the impasse, and the various alternatives to future indebtedness. It also sets out the various arguments - ...more
Paperback, 224 pages
Published September 1st 2004 by Zed Books
(first published 2004)
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I read this because I regret not having taken any economics classes in college, and I'm embarrassed about my lack of understanding about how debt and international financial institutions work. I was hoping this would help me, but it didn't at all. It was just way too simple, like something I'd expect to be assigned to a high school economics class. Also, it kept arguing for total forgiveness of developing countries' debts. I wholeheartedly agree that this should happen, but the book didn't provi ...more