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Institute for Policy Studies

Report Info

  • Released March 1, 2006
Global Economy » Report

Debt Boomerang

How Americans would benefit from cancellation of impoverished country debts.

Unmanageable foreign debts are dragging down many of the most impoverished countries in the world. The impacts of these debts are most direct and life-threatening in the Global South, but they also boomerang back to undermine jobs and the environment in our own country. For people in the United States, joining the global calls for debt cancellation is the right thing to do. And as this study shows, it is also in our interest.