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Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar? episode artwork

EPISODE · Nov 8, 2022 · 1H 41M

Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar?

from Geopolitical Economy Report · host Ben Norton

The US-dominated IMF has said a "wave of debt crises" may be coming in the Global South, warning "the worst is yet to come," as the depreciation of most currencies against the dollar and rising interest rates make it hard for countries to service their dollar-denominated debt. Political economist Radhika Desai discusses the imperialist nature of the international financial system, and parallels to the "Third World debt crisis" of the 1980s. VIDEO: https://youtube.com/watch?v=lPTiSi8h8oQ Follow Prof. Desai on Twitter at https://twitter.com/raddesai Read her article on inflation: https://multipolarista.com/2022/11/07/inflation-neoliberal-financialization Geopolitical Economy Research Group: https://geopoliticaleconomy.org Check out the International Manifesto Group: https://internationalmanifesto.org

What this episode covers

The US-dominated IMF has said a "wave of debt crises" may be coming in the Global South, warning "the worst is yet to come," as the depreciation of most currencies against the dollar and rising interest rates make it hard for countries to service their dollar-denominated debt. Political economist Radhika Desai discusses the imperialist nature of the international financial system, and parallels to the "Third World debt crisis" of the 1980s. VIDEO: https://youtube.com/watch?v=lPTiSi8h8oQ Follow Prof. Desai on Twitter at https://twitter.com/raddesai Read her article on inflation: https://multipolarista.com/2022/11/07/inflation-neoliberal-financialization Geopolitical Economy Research Group: https://geopoliticaleconomy.org Check out the International Manifesto Group: https://internationalmanifesto.org

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Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar?

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This episode is 1 hour and 41 minutes long.

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This episode was published on November 8, 2022.

What is this episode about?

The US-dominated IMF has said a "wave of debt crises" may be coming in the Global South, warning "the worst is yet to come," as the depreciation of most currencies against the dollar and rising interest rates make it hard for countries to service...

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