Thanks to all of you on the IPE blogroll for developing your sites. Here is an item out of the news today that discusses the wealthy G7 countries and the prospects for debt relief for poor nations.
Whether or not you think debt relief is a good idea -- and it is something we can talk about this term, if you wish -- it strikes me that politically it is easier to support something like debt relief in principle (at least for those deemed "deserving" of it) than it is to follow through on it.
One also wonders what the best criteria are for providing debt relief to poor countries. Should it be based on economic principles, such as openness to free markets and fiscal austerity (which we will talk about later)? Should it be based on political decisions and, say, something like "support in the war on terror"? Should it be based the number of people living in poverty in a given country? To put it in terms of another form of financial aid: should it be need-based, or merit-based?
Maybe only he knows...
(I can't believe the news today
I can't close my eyes and make it go away...)
-- jtd
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