Bunte, Jonas B.
Raise the Debt: How Developing Countries Choose Their Creditors
- ISBN 13:
- 9780190866174
- author:
- Bunte, Jonas B.
- format:
- Paperback / softback
- publisher:
- Oxford University Press Inc
- language:
- English
- Publication Year:
- 2019
- Pages:
- 288
- Dimensions:
- 23.5 x 15.6 centimetres
- Genre:
- Business, Public Admin, Public Finance,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
Credit is at the heart of capitalism and development. Governments in countries like Brazil, Russia, India, and China - known as BRICs - are increasingly lending to developing nations. But how do these loans shape economic growth and democracy? In "Raise the Debt", Jonas B. Bunte explores how governments choose between competing loan offers. Using statistical analyses and extensive interviews, Bunte reveals that the terms of a loan vary significantly depending on the creditor. This means different groups within a country may benefit from one type of loan over another. The decision is often driven by which domestic interest group holds the most political power. By examining how governments borrow, Bunte sheds light on the potential impact of these loans on growth and democracy worldwide. A comparative politics approach combined with international economic methods provides a nuanced understanding of governments' borrowing decisions. This insight is crucial for grasping how loans can shape the future of developing countries.
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