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Debt and Development : Industrial Revolutions - Stuart Corbridge

Debt and Development

Industrial Revolutions


Published: 2nd March 1993
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In Debt and Development Stuart Corbridge offers an exciting newapproach to the study of both debt and development, focusing on theinternational debt crisis of the 1980's and 1990's, and it'seconomic and geo-political consequences. Moving far beyond theframework of a narrative account, the author demonstrates thatinterpretations of this crisis - and attempts to manage it - arethemselves reflections of wider assumptions about the dynamics ofdevelopment and the organization of the global economy.

Part I sets out to provide the 'standard narrative' of the debtcrisis from the OPEC oil price rises onwards, ending with the mostrecent attempts at crisis management. After establishing, as muchas is possible, the facts of the crisis, the author then providesin part II a demonstration of how this crisis might be interpretedfrom three quite different perspectives: a free market 'systemstability' approach; a Keynesian 'system-correction' approach; anda Marxian 'system instability' approach. In a conclusion, theauthor considers how these competing perspectives on debt anddevelopment might be judged.

Based on wide teaching experience in the field, Debt andDevelopment will be welcomed by students and teachers of geography, developmental studies, economics, international relations andpolitical science.

List of Tables.

List of Figures.

List of Abbreviations.


One: Introduction.

Part I: Describing the Debt Crisis-A Standard Narrative Account:.

Two: The Debt Crisis: a Standard Narrative Account.

1. Introduction.


2. Data Sources.

3. Definitions.


4. Debt Trends: 1945-1982.

5. The Crisis: 1982-1983.


6. Containment, Adjustment and Austerity.

7. The Baker Plan: Adjustment with Growth.

8. Brady and the Market-menu Approach.

Part II: Decoding the Debt Crisis: Discourses on Debt and Development:.

Three: The Debt Crisis: A system-stability Perspective.

1. Introduction.

2. Subjective Perspectives, Invisible Hands and Spontaneous Orders.

3. The Counter-revolution in Development Theory and Policy.

4. The Debt Crisis: Two System-stability Models.

5. Policing the Debt Crisis.

6. Conclusion and Critique.

Four: The Debt Crisis: a System-correction Perspective.

1. Introduction.

2. Keynesianism-Pragmatism.

3. Keynesian Development Studies.

4. Debt and Development.

5. Policies for Debt Crisis Management.

6. Conclusion and Critique.

Five: The Debt Crisis: a System-instability Perspective.

1. Introduction.

2. Marxism and Radical Political Economy.

3. Radical Development Studies.

4. Debt and Development Crisis.

5. Policing the Debt Crisis.

6. Conclusion and Critique.

Six: Conclusion.



ISBN: 9780631181385
ISBN-10: 0631181385
Series: Industrial Revolutions
Audience: General
Format: Paperback
Language: English
Number Of Pages: 244
Published: 2nd March 1993
Country of Publication: GB
Dimensions (cm): 22.91 x 16.15  x 1.6
Weight (kg): 0.4
Edition Number: 1