Pawned states : state building in the era of international finance /
"In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to gro...
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Main Authors: | |
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Published: |
Princeton University Press,
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Publisher Address: | Princeton : |
Publication Dates: | [2022] |
Literature type: | Book |
Language: | English |
Series: |
The Princeton economic history of the Western world
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Subjects: | |
Summary: |
"In the nineteenth century, many developing countries turned to the credit houses of Europe for sovereign loans to balance their books and weather major fiscal shocks such as war. This reliance on external public finance offered emerging nations endless opportunities to overcome barriers to growth, but it also enabled rulers to bypass critical stages in institution building and political development. Pawned States reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal instability and weakened state capacity in the developing world."-- |
Carrier Form: | xiii, 343 pages : illustrations, forms ; 24 cm. |
Bibliography: | Includes bibliographical references (pages 303-332) and index. |
ISBN: |
9780691231426 0691231427 |
Index Number: | HF1359 |
CLC: |
F831 F114 |
Call Number: | F114/Q4 |
Contents: | Part I. The rise of global finance -- Part II. The consequences of global finance for state building. |