Pawned States

Pawned StatesAuthor: Didac Queralt ISBN: 9780691231525 Publisher: Princeton University Press Year first published: 09 Aug 2022 Pages: 368 Format: Paperback softback How foreign lending weakens emerging nations. In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless

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