The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened...

Untersuchung über internationale Kreditaufnahme und Verschuldung der lateinamerikanischen und karibischen Länder sowie der USA und Erörterung möglicher Lösungsvorschläge auf der Basis einer veränderten Weltwirtschaftsordnung

Despite hundreds of billions of dollars spent on foreign aid to sub-Saharan Africa, a sure path to growth and development has not yet been found - and each new heralded approach has crumbled amid regrets and recriminations. The authors of "Smart Aid for African Development" provide critical...