.. Decisions were often made because of ideology and politics. As a result many wrong-headed actions were taken, ones that did not solve the problem at hand but that fit with the interests or beliefs of the people in power.
Joseph E. Stiglitz
politics globalization
Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow.. Even without corruption, it is easy to be influenced by Western businessmen and financiers.. Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money.
politics economics
You must log in to post a comment.
There are no comments yet.