Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones
Geopolitical Economy Report
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Introduction
This chapter explores the unequal distribution of global debt between wealthy countries in the global North and impoverished countries in the global South, and how this debt is used to impose political demands on indebted countries. It also discusses the debt crises in the United States, including rising defaults and delinquencies on consumer debt and a potential collapse of the U.S. banking system.
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