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Should Rich Countries Cancel Poor Countries’ Debt?

Stuff You Should Know

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Debt Crisis and Global Activism

This chapter examines the economic instability of the 1970s and its consequences for developing nations culminating in the 1980s debt crisis. It highlights the roles of influential figures like Thomas Sankara and Bono in advocating for debt relief and the impact of structural adjustment programs on global poverty. The evolution of the Jubilee 2000 campaign and the bipartisan efforts leading to significant debt cancellations are discussed against the backdrop of humanitarian concerns and the complexities of international financial relations.

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