For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries has intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis,...

Die Internationale Schuldenkrise ist nicht nur ein wirtschaftswissenschaftliches, sondern auch ein sozialethisches Thema, das insbesondere von der Kampagne "Erlassjahr 2000" in den letzten Jahren wieder in das Blickfeld des öffentlichen Interesses gerückt wurde. Zentrale Forderungen der...

The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened...