Debt relief

William Easterly

    Research output: Contribution to journalArticle

    Abstract

    Debt relief has become the feel-good economic policy of the new millennium, trumpeted by Irish rock star Bono, Pope John Paul II, and virtually everyone in between. But despite its overwhelming popularity among policymakers and the public, debt relief is a bad deal for the world's poor. By transferring scarce resources to corrupt governments with proven track records of misusing aid, debt forgiveness might only aggravate poverty among the world's most vulnerable populations.

    Original languageEnglish (US)
    Pages (from-to)20-26
    Number of pages7
    JournalForeign Policy
    Issue number127
    DOIs
    StatePublished - 2001

    ASJC Scopus subject areas

    • Sociology and Political Science
    • Political Science and International Relations

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