Can we exit from a world of debt?

The debt interest rates are almost crushing some states – many of them in Africa. Ghana, for example, is also affected.

Can we exit from a world of debt?

The conversation should not be how to sustain an economy in a permanent debt spiral but how to break that cycle COMMENT | VIJAY PRASHAD | In the past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023). It is important to understand that this money owed to foreign creditors is equivalent to 99% of the export earnings of the developing countries. This means that almost every dollar earned by the export o…