FREE for members; $10 for non-members

Countries, like people, borrow for many reasons—some prudent, others not. Loans may be used to invest in increased productivity—but if they are spent on vanity projects, wars, or unneeded military spending, they weaken economies. These days, both rich and poor countries have carelessly piled on huge debts. While most rich countries can absorb the risks, poor countries cannot. We will discuss the magnitude of this global phenomenon, its causes and effects, and possible solutions.