The Debt Crisis and Structural Adjustments

This chapter examines the historical context surrounding structural adjustment programs amid the 1980s debt crisis, detailing how increasing sovereign debt in developing nations coincided with global economic shifts. It highlights the role of entities like the IMF and World Bank in enforcing austerity measures that undermined the sovereignty of these countries, often exacerbating their financial struggles. The narrative also chronicles Argentina's tumultuous journey through debt restructuring, social unrest, and the detrimental impacts of vulture funds on its economy.