CAMBRIDGE: When poor, heavily indebted countries are struggling to make their way from dictatorship to democracy, the actions of rich countries can be decisive. If rich countries insist on debt repayments and austerity measures, they are likely to destroy the social stability needed for a new democracy to take root.
CAMBRIDGE: When poor, heavily indebted countries are struggling to make their way from dictatorship to democracy, the actions of rich countries can be decisive. If rich countries insist on debt repayments and austerity measures, they are likely to destroy the social stability needed for a new democracy to take root.