The Conceptual Roots of the Global South’s Debt Crisis — Ndongo Samba Sylla

Summary:
Modern Monetary Theory provides a useful lens through which to view the mounting sovereign-debt crisis in the developing world. It sheds light on why low- and middle-income countries borrow in foreign currencies, while also suggesting that rich countries could provide significant relief if they so desired....MMT to the rescue from the debt trap. Is the debt trap due to a misunderstanding of economics and finance, or is it policy? Project SyndicateThe Conceptual Roots of the Global South’s Debt CrisisNdongo Samba Sylla

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