Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones
Geopolitical Economy Report
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Unpayable Debt in Poor Countries and the Need for Systemic Changes
This chapter discusses the ongoing oppressive policies in a neo-colonial financial system that have resulted in many poor countries being trapped in unpayable debt. The debt owed by these countries is held as assets by wealthy individuals and investors in wealthier nations. The chapter also highlights a report by S&P Global, which reveals that global debt has reached a record $300 trillion, amounting to 349% of global GDP.
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