Debt and Development

The author offers an approach to the study of both debt and development, focusing on the international debt crisis of the 1980s and 1990s, and its economic and geopolitical consequences.

Based on wide teaching experience in the field, Debt and Development will be welcomed by students and teachers of geography, developmental studies, economics, international relations and political science.

List of Tables.
List of Figures.
List of Abbreviations.
Acknowledgements.
One: Introduction.
Part I: Describing the Debt Crisis-A Standard Narrative Account:
Two: The Debt Crisis: a Standard Narrative Account.
1. Introduction.
DATA AND DEFINITIONS.
2. Data Sources.
3. Definitions.
THE DEBT CRISIS TAKES SHAPE.
4. Debt Trends: 1945-1982.
5. The Crisis: 1982-1983.
DEBT CRISIS MANAGEMENT.
6. Containment, Adjustment and Austerity.
7. The Baker Plan: Adjustment with Growth.
8. Brady and the Market-menu Approach.
Part II: Decoding the Debt Crisis: Discourses on Debt and Development:
Three: The Debt Crisis: A system-stability Perspective.
1. Introduction.
2. Subjective Perspectives, Invisible Hands and Spontaneous Orders.
3. The Counter-revolution in Development Theory and Policy.
4. The Debt Crisis: Two System-stability Models.
5. Policing the Debt Crisis.
6. Conclusion and Critique.
Four: The Debt Crisis: a System-correction Perspective.
1. Introduction.
2. Keynesianism-Pragmatism.
3. Keynesian Development Studies.
4. Debt and Development.
5. Policies for Debt Crisis Management.
6. Conclusion and Critique.
Five: The Debt Crisis: a System-instability Perspective.
1. Introduction.
2. Marxism and Radical Political Economy.
3. Radical Development Studies.
4. Debt and Development Crisis.
5. Policing the Debt Crisis.
6. Conclusion and Critique.
Six: Conclusion.
Bibliography.
Index.