The Debt Threat: How Debt Is Destroying the Developing World...and Threatening Us All

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9780060560560: The Debt Threat: How Debt Is Destroying the Developing World...and Threatening Us All

Language:Chinese.Paperback. Pub Date: 2006-1-1 Pages: 257 Publisher: Audio Delivery The debt of poor countries causes terrorism. argues economist Hertz in this follow-up to The Silent Takeover The first nine chapters give considerable anecdotal evidence of poverty.. injustice and disease but fail to link them to indebtedness. Assuming that money borrowed by poor governments is stolen by elites. and that repayment comes from cutting social services to the poor. Hertz compares health-care budgets of countries to their debt service payments. The chapters fail to distinguish among types of debt: direct and indirect. internal and external. infrastructure and export financing. for example Horror stories from the 1940s to the 1990s are mixed indiscriminately Chapter 10 is the first mention of the terrorism link; the argument.. turns out to be little more than that misery causes ter...

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