A new Third World debt crisis? The need for system change
Geopolitical Economy Report
Origins and Impact of the Debt Crisis
This chapter explores the historical context and origins of the debt crisis in the 1980s, discussing the role of the United States, Wall Street, and Western financial institutions. It delves into the impact of international financial rules, IMF austerity measures, and the influence of the dollar system. The chapter also highlights the consequences of the debt crisis on third world countries and the promotion of de-development.
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