Will debt constrain Western foreign policy?
Independent Thinking
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Navigating Debt Sustainability
This chapter explores the intricate nature of debt sustainability, emphasizing that it is more of an art than a science, shaped by diverse factors across nations. It highlights the contrast between the U.S.'s unique position in the global economy and other countries facing severe debt implications, while examining how fiscal policies affect international finance and development aid. Additionally, the chapter discusses the balance between rising apprehensions about economic trajectories and the seemingly stable behavior of financial markets.
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