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Y376 International Political Economy February 13, 2012
Debt Renegotiation and Rescheduling ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Problems of Cooperation in Debt Negotiations ,[object Object],[object Object],[object Object]
Long-Term Debt Outstanding, Low- and Middle-Income Countries, 1970-2006, in Trillions of Current Dollars Source: World Bank,  World Development Indicators .
Debt/GDP and Debt Service/Exports of Goods and Services in Percentages, 1981-2006, Emerging and Developing Countries Source: World Bank,  World Development Indicators;  International Monetary Fund,  World Economic Outlook Database,  April 2008 .  Debt service data are for low and middle income countries.
Origins and Consequences of the Debt Crisis ,[object Object],[object Object],[object Object]
Petro-Dollar Recycling Oil-importing ICs Oil-exporting Countries International Banks Third World borrowers $ $ $ $
Debt Crisis Management
Baker Plan  1985 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Brady Plan  - 1989   Treasury Secretary Nicholas Brady ,[object Object],[object Object],[object Object]
Debt-Equity Swaps ,[object Object],[object Object],[object Object],Used by Chile and Mexico to reduce debt
Debt-for-Nature Swaps ,[object Object],[object Object]
Example: Costa Rica Rain Forest
HIPC Strategy ,[object Object],[object Object],[object Object]
HIPC Countries as of 1999
Preliminary Results of HIPC
Bono and Bill Gates Campaign for Debt Relief
The Washington Consensus ,[object Object]
The Ten Recommendations  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Challenges for Global Governance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Defense of Globalization ,[object Object],[object Object],[object Object],[object Object]
Nightmare Scenarios of the Anti-Globalization Movement ,[object Object],[object Object],versus
Global Inequality Remains a Serious Problem

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