Setser on US-China Trade, Lessons from USTR, Economics of Great Powers, and Panda Diplomacy
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Debt Dynamics and Globalization
This chapter explores the complexities of debt restructuring in the context of deglobalization, particularly examining China's role as a major lender to various countries. It highlights the intricate relationships between nations like Zambia and Argentina with their debts to Chinese institutions and the challenges they face in meeting obligations. The discussion also considers the evolving dynamics of global trade and the implications of de-dollarization, emphasizing the interconnectedness of these economic issues.
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