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Weeks, John (1989) 'Losers pay reparations, or how the Third World lost the lending war.' In: Weeks, John, (ed.), Debt Disaster? Banks, government and Multilaterals Confront the Crisis. New York: New York University Press.

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In the late 1970s, the economies of Latin America and Africa entered into an economic depression worse than that of the 1930s, plunging the populations of these countries to levels of poverty and unemployment of a decade before. A disturbing aspect of this profound economic and social crisis is that most of the concern of the international community has focused on what in human terms is a minor side effect of this catastrophic depression—the inability of governments to service their foreign debts. In any rational world, the financial side of the crisis would be the least of our worries,...

Item Type: Book Chapters
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > Department of Development Studies
ISBN: 9780814792339
DOI (Digital Object Identifier):
Date Deposited: 19 Feb 2009 10:08

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