In "Debt and Development" Stuart Corbridge offers an exciting new
approach to the study of both debt and development, focusing on the
international debt crisis of the 1980's and 1990's, and it's
economic and geo-political consequences. Moving far beyond the
framework of a narrative account, the author demonstrates that
interpretations of this crisis - and attempts to manage it - are
themselves reflections of wider assumptions about the dynamics of
development and the organization of the global economy.
Part I sets out to provide the 'standard narrative' of the debt
crisis from the OPEC oil price rises onwards, ending with the most
recent attempts at crisis management. After establishing, as much
as is possible, the facts of the crisis, the author then provides
in part II a demonstration of how this crisis might be interpreted
from three quite different perspectives: a free market 'system
stability' approach; a Keynesian 'system-correction' approach; and
a Marxian 'system instability' approach. In a conclusion, the
author considers how these competing perspectives on debt and
development might be judged.
Based on wide teaching experience in the field," Debt and
Development" will be welcomed by students and teachers of
geography, developmental studies, economics, international
relations and political science.
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