IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-53200-8_1.html
   My bibliography  Save this book chapter

The Rising Tide of Debt

In: Debt, Democracy and the Welfare State: Are Modern Democracies Living on Borrowed Time and Money?

Author

Listed:
  • Rögnvaldur Hannesson

    (Norwegian School of Economics)

Abstract

In this chapter, the development ofgovernment debt in the traditional OECD member states since the Second World War is traced. Some countries were saddled with a large debt as a legacy of the war, but their debt as percent of GDP gradually fell until the mid-1970s. After the energy crisis of 1973 the debt began to rise in most countries. In many countries the debt has continued to rise ever since, almost without interruption, and in some countries it has reached world war proportions. Some countries have managed to reverse the debt accumulation, all of them relatively small.

Suggested Citation

  • Rögnvaldur Hannesson, 2015. "The Rising Tide of Debt," Palgrave Macmillan Books, in: Debt, Democracy and the Welfare State: Are Modern Democracies Living on Borrowed Time and Money?, chapter 1, pages 1-14, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53200-8_1
    DOI: 10.1057/9781137532008_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-53200-8_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.