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Introduction: The Politics of Debt Crises

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The Politics of Global Debt

Part of the book series: International Political Economy Series ((IPES))

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Abstract

We live in a world of credit, of debt. Whether as consumers in advanced industrial societies, or as the recipients of structural adjustment austerity measures in the poorer societies, we are all affected by what has been described as the plague of debt. It is a well-nigh universal phenomenon. It can undermine the formal sovereignty of the poorer indebted states, threaten the future economic viability of business enterprises and corporations, and lead to personal ignominy.

‘Beautiful credit! The foundation of modern society.’ (Mark Twain, cited in Sampson, 1990)

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Authors
  1. Stephen P. Riley
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Editors and Affiliations

  1. Staffordshire University, Stoke on Trent, UK

    Stephen P. Riley (Senior Lecturer in Politics) (Senior Lecturer in Politics)

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© 1993 Stephen P. Riley

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Riley, S.P. (1993). Introduction: The Politics of Debt Crises. In: Riley, S.P. (eds) The Politics of Global Debt. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22820-1_1

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