Geopolitical Economy Report cover image

Colonialism or sovereignty? How the global financial system traps countries in debt

Geopolitical Economy Report

NOTE

Impact of Shadow Banking on Low-Income Countries

The 2007-08 crisis was caused by a shadow bank activity in the United States. Shadow banks, unregulated by the US Treasury, channel funds from powerful capitalists to low-income countries. These capitalists use savings, pensions, and insurance money to lend to such countries, for projects like creating a green boundary across North Africa below the Sahara.

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