The Ramo Plan

Mohamed Rabie
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Mohamed Rabie: Arab Thought Council

Chapter Chapter 15 in A Future Economy for All, 2023, pp 149-170 from Springer

Abstract: Abstract The Ramo Plan is a visionary proposal to liberate all rich and poor nations from the burden of debt, it tries to expose the magnitude of the global debt problem, what caused it, how to deal with it, and why we need to liberate all nations from the debt burden now. The analyses and discussion place the debt issue in its proper historical and social contexts and answer the questions that could be raised against it. The plan was published by Ideas, a website of the German Munich University, and US Federal Reserve Bank of St. Louis. However, the plan went through several stages of development that forced me to spend many sleepless nights thinking how to structure it, what projects should be included in it, and how to finance its grandiose projects and achieve the desired humanitarian goals. All of which are identified and explained in this chapter.

Keywords: 2008 Financial Crisis; Greece; Ireland; Portugal; Public Debt; International Monetary Fund; Taxpayers; Bondholders; Globalization; South Korea; China; India; Brazil; Pakistan; Egypt; Economic Theory; Bloomberg; Dollars; Euros; Pounds; Sustainable Development Fund; Educational Fund; Humanitarian Fund; Environmental Fund; Helicopter money (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-42957-6_15

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DOI: 10.1007/978-3-031-42957-6_15

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