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Debt crises, political change and the state in the developing world

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Briscoe, Ivan (2006) Debt crises, political change and the state in the developing world. [ Working Papers; nº 01, 2006, ]

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Abstract

Dealing with increasing foreign debt has become a key part of government strategy across the developing world, particularly in wake of the payment crises that have shaken south-east Asia, Latin America, Turkey and Russia over the past decade. This working paper seeks to analyze how the political systems in these countries have adapted to the grave problems created by unpayable debt, examining in the process the structure of modern global finance, the history of the state in the developing world, and the demands placed upon governments by sudden rises in poverty and general economic turmoil. Focusing on case-studies of Argentina, Indonesia and Zambia, the paper unpicks the dynamics of these crises, suggesting that certain states have managed to strengthen their freedom of action and authority by recasting their relations with the public at home and with foreign lenders.

Resumen (otros idiomas)

La gestión de la deuda externa se ha convertido en una pieza fundamental de las estrategias gubernamentales en todo el mundo en desarrollo, sobre todo tras las crisis de pago que han sacudido el Sudeste asiático, Latinoamérica, Turquía y Rusia a lo largo de la última década. Este documento de trabajo busca analizar la forma en que los sistemas políticos de estos países se han adaptado a los graves problemas provocados por las deudas impagables, examinando en el proceso la estructura del actual régimen financiero mundial, la historia del Estado en el mundo en desarrollo, y las nuevas demandas impuestas sobre los gobiernos, derivadas de los aumentos bruscos de la pobreza y la turbulencia económica general. Por medio de tres casos prácticos, de Argentina, Indonesia y Zambia, este documento de trabajo busca descifrar la dinámica de aquellas crisis, y sugiere que ciertos Estados han logrado reforzar su libertad de acción y su autoridad por medio de una refundación de sus relaciones con la ciudadanía y con los acreedores extranjeros.

Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Crisis, Deuda externa, Mundo en desarrollo, Capacidad estatal, Soberanía, Crisis de deuda.
Palabras clave (otros idiomas):Foreign debt, Developing world, State capacity, Sovereignty, Debt
Subjects:Social sciences > Economics > Economic development
Series Name:Working Papers
Volume:2006
Number:01
ID Code:12936
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Deposited On:11 Jul 2011 06:56
Last Modified:25 Apr 2016 11:30

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