World Debt Figures: 2015

Eric Toussaint, Antonio Sanabria, Daniel Munevar and Pierre Gottiniaux

Working Papers from eSocialSciences

Abstract: Since the 1980s, public debt, both in the Third World countries and in the industrialised nations, has been systematically used to impose austerity policies in the name of structural adjustment. Accusing their predecessors of ‘living beyond their means’ through overuse of loans, most governments in power since then have imposed an adjustment of public spending, and in particular social spending, which forces people to tighten their belts.

Keywords: debt; third world; industrialised nations; austerity policy; structural adjustment; overuse of loans; public spending; social spending (search for similar items in EconPapers)
Date: 2016-04
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