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World Debt Figures : 2015

Author

Listed:
  • Eric Toussaint
  • Antonio Sanabria
  • Daniel Munevar
  • Pierre Gottiniaux

Abstract

Since the 1980s, public debt, both in the Third World countries and in the industrialised nations, has been systematically used to impose austerity policies in the name of structural adjustment. Accusing their predecessors of ‘living beyond their means’ through overuse of loans, most governments in power since then have imposed an adjustment of public spending, and in particular social spending, which forces people to tighten their belts.

Suggested Citation

  • Eric Toussaint & Antonio Sanabria & Daniel Munevar & Pierre Gottiniaux, 2016. "World Debt Figures : 2015," Working Papers id:10592, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:10592
    Note: Institutional Papers
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