Exam 15: Debt and Development

Who introduced the concept of odious debt?

Briefly explain the sharp increase in foreign holdings of US bonds in the early years of the twenty-first century.

The mania in the 1970s that led to a sharp increase in low-interest loans, followed by a peak in interest rates led to which of the following?

Under which ruler had the practice of lending become common practice?

Explain some of the reasons foreign borrowing rarely facilitates development.

The Cold War led to extensive lending to prop up and tie client dictators to Western powers.

Is foreign borrowing a sensible policy for states in the Global South to promote development?

How is irresponsible lending related to the 2008 financial crisis in the US?

In the late 19th and early 20th centuries, loans were exclusively in the form of bonds.

Outline the four ways the global economy and politics changed after World War II.

Which of the following is true about the Jubilee 2000 campaign?