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Trade, development, and foreign debt
Book •
Michael Hudson's "Trade, Development, and Foreign Debt" delves into the intricate relationship between international trade, economic development, and the burden of foreign debt on nations.
The book critically examines the impact of global financial institutions and policies on developing countries.
Hudson challenges conventional economic wisdom, arguing that debt burdens often hinder development and perpetuate economic inequality.
He proposes alternative approaches to development finance and trade that prioritize national economic sovereignty and social welfare.
The book is a significant contribution to heterodox economics, offering a nuanced perspective on global economic dynamics.
The book critically examines the impact of global financial institutions and policies on developing countries.
Hudson challenges conventional economic wisdom, arguing that debt burdens often hinder development and perpetuate economic inequality.
He proposes alternative approaches to development finance and trade that prioritize national economic sovereignty and social welfare.
The book is a significant contribution to heterodox economics, offering a nuanced perspective on global economic dynamics.
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Radhika Desai
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