1. Kunibert Raffer, Debt Management for Development. Protection of the Poor and the Millennium Development Goals (Cheltenham, UK: Edward Elgar, 2010).
- Author:
- Martino Bianchi
- Publication Date:
- 02-2011
- Content Type:
- Journal Article
- Journal:
- Central European University Political Science Journal
- Institution:
- Central European University
- Abstract:
- The ambiguous behavior of international financial institutions and western government faced with southern and poor countries is a highly discussed topic by social science academics, but it is also quite fashionable in newspapers, in political debate and even in films and narrative books. Less than ten years ago, Joseph Stiglitz's Globalization and its discontents was a best seller all over the world, a unique event for a text written by a Nobel Prize winner in Economics. Debt management for development will probably not achieve the same popularity but nevertheless it gives us new and considerable insights. While Stiglitz's contribution was more focused on the impact of the Washington Consensus over poor countries' policies, this contribution is more specifically focused on the inefficiencies created by the mismanagement of high sovereign debt levels.Still, both authors share the idea that international financial institutions are more likely to be counted within the problems rather than with the solutions.
- Political Geography:
- United Kingdom