Dealing with Debt: International Financial Negotiations and Adjustment Bargaining

ISBN-13: 9780367004347 / Angielski / Twarda / 2019 / 232 str.

Biersteker, Thomas J.

Opis

The global debt burden has proven to be a bad bargain for developed and developing countries alike. This selection of case studies illustrates the complexity of international financial negotiations and the difficulty of reaching international agreements satisfactory to both creditors and debtors. The key aspects of debtor country bargaining power are explored—size, strategic significance, internal cohesion, and political stability—as we read of creditors flexing their financial muscles to produce domestic economic reform without significant international debt relief. This volume brings together a theoretical overview of the subject, cases describing the principal institutional actors, carefully excerpted cases of bilateral financial negotiations, sugggestions for further reading, and a helpful glossary of technical terms. It illuminates how complex international financial negotiations are conducted and what their impact is on both the domestic political economy and the international relations of the countries involved.

Spis treści

Case Studies in International Affairs -- Foreword -- International Financial Negotiations and Adjustment Bargaining: An Overview -- International Institutional Actors -- The International Monetary Fund -- The World Bank -- The Creditor Clubs: Paris and London -- The Political Economy of International Financial Negotiations -- Mexico, 1982: Paving the Way with Exceptions -- Restructuring Zaire's Debt, 1979-1982 -- Nigeria, 1983-1986: Reaching Agreement with the Fund -- The Philippines, 1983-1986: Negotiating Under Uncertainty -- Brazil, 1985-1987: Pursuing Heterodoxy to a Moratorium