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Books > Business & Economics > Economics > Political economy
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Raise the Debt - How Developing Countries Choose Their Creditors (Hardcover)
Loot Price: R2,697
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Raise the Debt - How Developing Countries Choose Their Creditors (Hardcover)
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Credit is the lifeblood of capitalism and development. Brazil,
Russia, India, and China-also called BRICs-have become important
creditors to developing countries. However, how will their loans
affect economic development and democracy in recipient countries?
We need to understand why governments accept Chinese over Western
loan offers before we can predict their likely consequences. In
Raise the Debt, Jonas B. Bunte systematically explains how
governments choose among competing loan offers. Using statistical
analyses and extensive interview data, he shows that the strings
attached to loans vary across creditors. Consequently, one domestic
interest group may benefit from Chinese credit but not U.S. loans,
while the opposite is the case for other groups. Bunte provides
evidence that governments cater to whichever domestic interest
group is politically dominant when deciding between competing loan
offers. Combining a comparative politics approach with
international political economy methods, Raise the Debt shows how a
deeper understanding of governments' borrowing decisions is
critical for gaining insights into how these loans could impact
growth and democracy on a global scale.
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