Debt is political: Why wealth flows from poor to rich
Geopolitical Economy Report
Debt Dynamics in Latin America
This chapter analyzes the financial landscape of Latin America in the late 1980s, emphasizing the impact of the Brady Plan on sovereign debt restructuring. It highlights the intertwining of political power and debt management, as local elites manipulate the system to their advantage amidst skepticism from foreign investors. The discussion extends to the historical roots of the debt crisis, exploring economic shifts and the consequences for developing nations in a global financial context.
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