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Odious Debts

1991 Business & Economics
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Release : 1991
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Odious Debts by : Patricia Adams

Download or read book Odious Debts written by Patricia Adams. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt: An account of how Third World debt accumulated to its current staggering levels. It examines the role of the different participants responsible among both the lenders and the borrowers and looks at the consequences for the debtor countries.

Africa's Odious Debts

2011-10-13 Social Science
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Release : 2011-10-13
Genre : Social Science
Kind : eBook
Book Rating : 606/5 ( reviews)

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Book Synopsis Africa's Odious Debts by : Léonce Ndikumana

Download or read book Africa's Odious Debts written by Léonce Ndikumana. This book was released on 2011-10-13. Available in PDF, EPUB and Kindle. Book excerpt: In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa's foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these 'odious debts' from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.

The Doctrine of Odious Debt in International Law

2016-05-26 Business & Economics
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Release : 2016-05-26
Genre : Business & Economics
Kind : eBook
Book Rating : 013/5 ( reviews)

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Book Synopsis The Doctrine of Odious Debt in International Law by : Jeff King

Download or read book The Doctrine of Odious Debt in International Law written by Jeff King. This book was released on 2016-05-26. Available in PDF, EPUB and Kindle. Book excerpt: This book outlines how odious debts are not legally binding under international or domestic law, contrary to widely held legal opinion.

Greece's 'odious' Debt

2011 Business & Economics
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Release : 2011
Genre : Business & Economics
Kind : eBook
Book Rating : 710/5 ( reviews)

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Book Synopsis Greece's 'odious' Debt by : Jason Manolopoulos

Download or read book Greece's 'odious' Debt written by Jason Manolopoulos. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: "Critically examines the economic, historical and psychological dynamics that have combined to create an existential crisis for the European Union."--Publisher description.

The Debt System

2019-04-23 Business & Economics
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Release : 2019-04-23
Genre : Business & Economics
Kind : eBook
Book Rating : 169/5 ( reviews)

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Book Synopsis The Debt System by : Éric Toussaint

Download or read book The Debt System written by Éric Toussaint. This book was released on 2019-04-23. Available in PDF, EPUB and Kindle. Book excerpt: “A compelling explanation of the deep-seated mechanisms at work in the international credit system” from the coauthor of Debt, the IMF, and the World Bank (Counterfire). For as long as there have been rich nations and poor nations, debt has been a powerful force for maintaining the unequal relations between them. Treated as sacrosanct, immutable, and eternally binding, it has become the yoke of choice for imperial powers in the post-colonial world to enforce their subservience over the global south. In this ground-breaking history, renowned economist Éric Toussaint argues for a radical reversal of this balance of accounts through the repudiation of sovereign debt. “Since 2008 CADTM has campaigned for ‘a new doctrine of illegitimate, illegal, odious, and unsustainable debt’ cancellation. This doctrine includes considerations of whether the debtor state is democratic, whether it respects human rights, whether the debt is incurred within the framework of ‘structural adjustments’ (enforced austerity), and includes all debts incurred to pay back previous odious debts. On grounds of global social justice, The Debt System makes a strong case for this new doctrine.” —Against the Current “This work has much to commend it; it provides detailed analyses of the impact of indebtedness in several nations . . . The author shows that, contrary to orthodox arguments, debt repudiation can be both justified and successfully carried out. I recommend the book wholeheartedly.” —Counterfire

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