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Preview — Who Owes Who? by Damien Millet
Who Owes Who?: 50 Questions about World Debt
The huge foreign debt of developing countries has become a mechanism of domination and means of recolonization that prevents any meaningful and sustainable human development. The policies pursued by the indebted countries' governments have usually been decided by their creditors rather than by the authorities of the countries concerned. As for the initiative to lighten the ...more
Paperback, 320 pages
Published January 15th 2005 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