3min chapter

Economics Explained cover image

Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)

Economics Explained

CHAPTER

The Risks of Foreign Debt

The countries that are going to be hit hardest by this because as you alluded to, there's already rumblings and problems with a few countries before debt started creeping up. It almost seems like if you want to go through that transition from an agrarian economy to an industrial economy, it's just part of the course. In your experience, is it a risk that's worth taking or are there better alternatives?

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