The state of debt: Putting an end to 30 years of crisis
Contents 1. Executive summary and introduction
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2. Thirty years of global debt crises 2.1 A quick tour of debt crises 2.2 What is debt for? Is debt good or bad?
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3. Debt cancellation and its consequences 3.1 Jubilee and the Heavily Indebted Poor Countries (HIPC) initiative 3.2 The fall in government debt payments 3.3 Rising government expenditure in the 2000s
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4. Continued vulnerability and rising debt 4.1 Ever increasing global debts 4.2 The First World Debt Crisis and increased vulnerability 4.3 The lenders
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5. The private borrowing and lending boom 5.1 Private debt and financial crisis 5.2 Investment versus speculation and looting 5.3 The state of private debt in impoverished countries 5.4 Private debt and financial flows into emerging markets
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6. Regulating finance 6.1 Capital account regulation 6.2 Blocks to regulating finance 6.3 The need for international cooperation
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7. Conclusion 7.1 Debt cancellation 7.2 Preventing debt crises 7.3 Enabling countries to use their own resources
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Country case studies 1. Jamaica 2. Sri Lanka 3. Mozambique 4. Ethiopia 5. Georgia
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Appendix
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References
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