Chapter 15 Review Questions

Debt and Development
  1. What is the Heavily Indebted Poor Countries Initiative (HIPC)?
  2. Explain the origins of the 1980s debt crisis in the developing world.
  3. Describe Charles Kindleberger’s view of economic cycles and international lending.
  4. Briefly describe the Jubilee 2000 campaign and the ways in which it was successful.
  5. Charles Kindleberger proposed that the global economy runs in cycles of growth, mania, and panic. What does he mean by this statement?
  6. What is the main difference between the 1930s and the 1980s in relation to debt?
  7. Describe in detail the case of Zaire and how corruption affected this country’s international debt level.
  8. How is new dept affecting developing countries which debt had been cancelled?
  9. Describe the effects of the Great Depression upon the developing world debt.
  10. Describe how rising inequality relates to debt.
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