Pawned States: State Building in the Era of International Finance

by Didac Queralt

Book Overview

How foreign lending weakens emerging nations

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...

• Format: Paperback
• Language: English
• ISBN: 0691231524
• ISBN13: 9780691231525
• Release Date: August 2022
• Publisher: Princeton University Press
• Length: 368 Pages
• Weight: 1.20 lbs.
• Dimensions: 0.9" x 6.1" x 9.1"