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4min chapter
Trump's tariffs could cause huge global crisis, warns economist Michael Hudson
Geopolitical Economy Report
Critique of Austerity and Debt Management in Developing Nations
This chapter examines David Ricardo's economic theories in the context of the IMF's debt management strategies for developing nations. It critiques the reliance on austerity measures, illustrating their ineffectiveness through historical examples and highlighting the perpetuation of poverty and stunted growth as a result.
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