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Pawned States: State Building in the Era of International Finance

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Pawned States: State Building in the Era of International Finance - Queralt, Didac
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"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 development. Pawned States reveals how easy access to foreign lending at early stages of state building has led to chronic fiscal ...

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Pawned States: State Building in the Era of International Finance 2022, Princeton University Press, Princeton

ISBN-13: 9780691231525

Trade paperback

Pawned States: State Building in the Era of International Finance 2022, Princeton University Press, Princeton

ISBN-13: 9780691231426

Hardcover