Dealing Fairly with Developing Country Debt - Softcover

9781405180344: Dealing Fairly with Developing Country Debt

Softcover

ISBN 10: 140518034X ISBN 13: 9781405180344

Verlag: Wiley-Blackwell (an imprint of John Wiley & Sons Ltd), 2008

In this book, philosophers, theologians, lawyers and economists examine questions related to how to deal fairly with the over-indebted governments of developing countries.

Features articles from scholars and activists with backgrounds in philosophy, religion, law and economics.

Authors both contribute to our understanding of the principles that are relevant in determining how to deal more fairly with highly indebted developing countries, and the kinds of institutional reforms that these principles would demand under present circumstances.

Several chapters develop highly original proposals for reshaping the relationships between sovereign debtors and their creditors, while others provide richly detailed accounts of the role of religious and other influential groups in making the issue of excessive sovereign indebtedness an international cause.

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�ber die Autorin bzw. den Autor

Herman: After almost 30 years in the United Nations Secretariat dealing with sovereign debt and other financial issues in development, including in relation to the 2002 Monterrey Summit on Financing for Development, Barry Herman is now a visiting senior fellow at The New School�s new international affairs program.

Barry: Christian Barry is currentlyLecturer in philosophy and Research Fellow at the Center for Applied Philosophy and Pubic Ethics at Australian National University. He holds a PhD in philosophy from Columbia University, where he was a Fellow at the Center for Law and Philosophy. Prior to joining the ANU, Barry was Editor of Ethics & International Affairs and served as a consultant and contributing author to three of the United Nations Human Development Reports.

Tomitova: Lydia Tomitova is currently pursuing a J.D. at Brooklyn Law School. Previously, she was Associate Editor of Ethics & International Affairs and Program Associate for Global Social Justice at the Carnegie Council for Ethics in International Affairs.

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The recent economic collapse in Argentina and financial crisis in Turkey, and the persistent unsustainable debt burdens of many developing countries highlight the practically urgent problem of excessive indebtedness. High debt levels can limit a sovereign government s capacity to provide social services necessary for the well-being of its citizens, and divert resources and energy from the pursuit of long-term development strategies. In this book, philosophers, theologians, lawyers and economists examine questions related to how to deal fairly with the over-indebted governments of developing countries. These questions include: How do you balance obligations to repay a debt with potentially worsening poverty in the debtor country? Should creditors be held accountable and if so, how for loans to governments that are not even minimally representative of their people's interests? Are there reforms to the practices governing sovereign borrowing and lending to sovereigns that would increase fairness in how the world treats developing countries with debt difficulties?

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