World Debt and Stability

World Debt and Stability

World Debt and Stability

World Debt and Stability

Synopsis

World debt has become a constant and seemingly intractable problem, as the plight of Third World borrowing nations and their First World creditors continues to worsen. In this study, Macesich presents his own theory of cooperation as a useful framework with which to approach the world debt crisis. He provides a survey of world debt and a thorough explanation of his theory and its strategy; a discussion of the obstacles that stand in its way, such as economic nationalism and domestic constraints in debtor and creditor nations; and the methods for overcoming these barriers.
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