ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Writing Off Third World Debt

Michael Chossudovsky Current strategy in regard to third world debt, which has already turned the third world into a net exporter of capital, has learnt nothing from history; it totally ignores the magnitude of global debt, the inability of debtor nations to repay and the economic realities of protectionism, dwindling commodity prices and contraction of world trade.

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