DEVS 100 Lecture Notes - Lecture 11: Heavily Indebted Poor Countries, Debt Relief, Devs
24 Jun 2017
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Chapter 14: debt and development: lending and borrowing have been around throughout history, and different codes of law have tried to address different principles surrounding this activity. International development lending has two phases: the growth period: wise borrowing and careful lending = growth, mani, loan-pushing phase: poor countries default on loans. Governments, politics, the cold war, and the debt crisis: before wwii, most lending was by banks. Three country). options: (1) lower-intensity warfare, when unacceptable gvts were overthrown. (2) larger wars, limited to single countries. (3) growing use of non-military means (economic power). Some money was used to bribe leaders to not (cid:498)notice(cid:499) of these (cid:498)projects(cid:499) in their developing countries. Then, these money to the developing nations(cid:495) banks. some loans needed to be cancelled because they couldn(cid:495)t be repaid lenders, the (cid:498)london club(cid:499) and the )mf, wb, and other development banks. In the great depression, the us suffered greatly, but many developing countries continued to grow.
