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3min chapter
Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones
Geopolitical Economy Report
The Use of Financial Institutions as Political Weapons and the Search for Alternatives
Exploring how the United States has used financial institutions as political weapons to impose neoliberal economic reforms on global south countries, resulting in workers suffering from a significant depreciation in their purchasing power. The chapter also discusses efforts to develop alternative financial institutions and the challenges faced by poor countries in servicing their dollar-denominated debt.
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