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Debt is political: Why wealth flows from poor to rich

Geopolitical Economy Report

CHAPTER

The Historical Roots of War Debts and Their Economic Impact

This chapter investigates the origins of war debts from the medieval period, focusing on the involvement of the Roman Church and merchant bankers in financing conflicts. It also contrasts the war debts of industrialized nations with those of the Global South, emphasizing the geopolitical dimensions at play.

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