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Sovereign Debt, Europe & The Global South
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Overview
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Background Information11 Topics
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1. What is debt? What is sovereign debt?
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2. Is having high levels of sovereign debt always a bad thing?
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3. What causes a debt crisis?
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4. The Bretton Woods decades
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5. The first global sovereign debt crisis
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6. Sovereign Debt Crisis in the Global North
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7. The New Debt Crisis
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8. Resolving debt crises (1): what are the options?
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9. A: The Neoliberal Approach to Resolving Debt Crises
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10. Resolving debt crises (2): conditionalities, structural adjustment & economic recovery
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11. Debt: A Guide to Further Reading
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1. What is debt? What is sovereign debt?
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Endnotes
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References
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Interactive learningDeepen your knowledge1 Quiz
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Training materialExercises for group activities4 Topics
- For further detail, a number of country-specific case studies, together with a timeline of the history of debt crises in the Global North and the Global South, are provided as part of the activities in Section 3.
- Pettifor, Ann (2003), The coming first world debt crisis, https://www.opendemocracy.net/en/article_1463jsp/ [15/11/2020]
- This figure includes $8.6 billion (for a moratorium on all World Bank and IMF debts), to $38.2 billion (for a moratorium on all bilateral external creditors, i.e. bilateral country-to-country loans), to $12.1 billion (for a moratorium on all private external creditors, i.e. non-government lenders).
