Integrating a world-system perspective with historical case studies and empirical data, the author demonstrates the cyclical character of external indebtedness since the beginning of industrial capitalism in the early 19th century. Against this background, the author explains the current global debt crisis, in which creditor nations are encountering increasing problems servicing the massive debts incurred by Third World borrowers throughout the 1970s. The diverse causes of the periodic debt cycle are analyzed, and the ...
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Integrating a world-system perspective with historical case studies and empirical data, the author demonstrates the cyclical character of external indebtedness since the beginning of industrial capitalism in the early 19th century. Against this background, the author explains the current global debt crisis, in which creditor nations are encountering increasing problems servicing the massive debts incurred by Third World borrowers throughout the 1970s. The diverse causes of the periodic debt cycle are analyzed, and the management of each crisis is also discussed. In addition to showing how the current cycle fits into the larger pattern, the author offers recommendations for a long-term solution based on historical experience.
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Add this copy of Debt Cycles in the World-Economy: Foreign Loans, to cart. $127.97, good condition, Sold by ThriftBooks-Reno rated 4.0 out of 5 stars, ships from Reno, NV, UNITED STATES, published 1992 by Westview.
Add this copy of Debt Cycles in the World-Economy: Foreign Loans, to cart. $223.77, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Santa Clarita, CA, UNITED STATES, published 1992 by Westview.
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