Why the Elites in the Global South Favour Indebtedness, How Creditors Have Eroded National Sovereignty, and How States are Beginning to Fight Back

In their book, Sovereign Debt Diplomacies: Rethinking Sovereign Debt from Colonial Empires to Hegemony, Pierre Pénet and Juan Flores Zendejas are correct in saying that it is essential to understand why the economic elites of the former Third World nations eventually accepted conservative policies fo...