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Vijay Prashad - Can we exit from a world of debt? - Brave New Europe

Summary by Brave New Europe
The external debt levels of global south countries is dwarfing their spending on education and health – a new development paradigm is needed. Vijay Prashad is an Indian historian, editor, and journalist. He is a writing fellow and chief correspondent at Globetrotter. He is an editor of LeftWord Books and the director of Tricontinental: Institute for Social Research. He has written more than 20 books, including The Darker Nations and The Poorer N…
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Brave New EuropeBrave New Europe

Vijay Prashad - Can we exit from a world of debt? - Brave New Europe

The external debt levels of global south countries is dwarfing their spending on education and health – a new development paradigm is needed. Vijay Prashad is an Indian historian, editor, and journalist. He is a writing fellow and chief correspondent at Globetrotter. He is an editor of LeftWord Books and the director of Tricontinental: Institute for Social Research. He has written more than 20 books, including The Darker Nations and The Poorer N…

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Caribbean and Latin America Daily NewsCaribbean and Latin America Daily News

Can We Exit From A World of Debt?

By Vijay Prashad News Americas, NEW YORK, NY, Mon. March 31, 2025: 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 of goods and services is a dollar owed to a foreign bank or bond holder.…

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Caribbean and Latin America Daily News broke the news in on Monday, March 31, 2025.
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