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Volume 36
RPE
Research in Political Economy

Paul Zarembka, Series Editor
Department of Economics
State University of New York at Buffalo
Buffalo, New York 14260-1520
Fax: (716) 645-2127 . . . . . Tel: (716) 645-8686
E-mail: zarembka@buffalo.edu

arrow Abstracts for chapters available via links at the publisher's website

Editorial Board:
Paul Cooney Seisdedos, Pontificia Universidad Católica del Ecuador, Ecuador
Radhika Desai, University of Manitoba, Canada
Thomas Ferguson, University of Massachusetts at Boston, U.S.A.
Virginia Fontes, Fluminense Federal University, Brazil
Seongjin Jeong, Gyeongsang National University, South Korea
Jie Meng, Fudan University, People's Republic of China
Isabel Monal, University of Havana, Cuba
Ndongo Samba Sylla, Rosa Luxemburg Stiftung, Dakar, Senegal
Jan Toporowski, SOAS, University of London, U.K.
Key Elements of Social Theory Revolutionized by Marx

Paul Zarembka, 2021
Brill or Haymarket

Brill Cover or Haymarket Cover

"... highly recommended both to specialists in Marx’s ideas and to the wider reading public." — J. D. White
Volume 37
RPE


Volume 38 (2023)

IMPERIALISM AND THE POLITICAL ECONOMY OF THE GLOBAL SOUTH'S DEBT

Editor: Ndongo Samba Sylla, Rosa Luxemburg Foundation, Senegal

The Covid-19 pandemic has brought the nagging issue of the Global South's debt back into the spotlight. With declining export earnings and tax revenues, many countries in Africa, Latin America and Asia have found themselves objectively unable to service their foreign currency debt. This situation, reminiscent of the international debt crisis of the 1980s and 1990s, is the backdrop of the 38th volume of the Research in Political Economy series edited by Ndongo Samba Sylla.

In Imperialism and the Political Economy of Global South’s Debt, expert contributions connect the history of this issue with a range of factors including class dynamics, the changing landscape of sovereign debt markets, the global liquidity cycle, the enduring constraints of commodity dependence, ecological sustainability and the limitations of the current ad hoc sovereign debt restructuring procedures. In contrast to orthodox accounts that view debt crises in the Global South as a cyclical problem or as consequences of 'mismanagement' or 'fiscal irresponsibility'. Imperialism and the Political Economy of Global South’s Debt recognises the systemic nature of the Global South’s external debt, revealed only further by the economic uncertainty of the Covid-19 pandemic, as well as the need to analyse it in relation to existing imperialist structures.

Prior Volumes
(beginning in 1977):

Polish Marxism (#37)

Imperialism; Transition (#36)

Commodification: Animals (#35)

Classes in Periphery (#34)

Environment in South (#33)

Macro-Dynamics in Asia (#32)

Risking Capitalism (#31)

Geopolitical Economy (#30)

Sraffa; Neoliberalism (#29)

Contradictions (#28)

Revitalizing Theory (#27)

National Question; Crisis (#26)

Why Capitalism Survives (#25)

Transitions in Latin Amer. (#24)

Hidden History of 9-11 (#23),
and also 2nd Edition

The State and Economy (#22)

Neoliberalism (#21)

Race; Famous Economists (#20)

Capitalism and Ideology (#19)

Capitalist Dynamics (#18)

Earlier: Burch sup., 17, 16,
15, 14, 13, 12, 11,
10, 9, 8, 7, 6, 5, 4, 3, 2, 1

Preface
Ndongo Sambo Sylla

PART 1: CASE STUDIES

The Political Economy of Debt in the Global South: The Case of Argentina (2001–2022)
Juan E. Santarcángelo and Juan Manuel Padín

Can Debt Be Sustainable, if Life Isn’t? Argentina’s Debt Crisis and Social Reproduction
Mariano Féliz

Colonial Hangover in Global Financial Markets: Eurobonds, China, and African Debt
Olufunmilayo Arewa

Tightening the Grip: Foreign Creditors and Sudan’s Political Transition (2019–2022)
Harry Cross

PART 2: THE ELUSIVE QUEST FOR A SOVEREIGN DEBT RESTRUCTURING MECHANISM

Refusing to Improve: Sovereign Debt Repayment Difficulties and the Political Economy of Inertia in UNCTAD 1964–1979
Christina Laskaridis

Limits of Sovereign Debt Restructuring Mechanisms and Possible Alternatives
Milan Rivie

PART 3: FOREIGN DEBT, DEVELOPMENT, AND IMPERIALISM

Managing the Balance-of-Payments Constraint: Dilemmas and Perspectives
Basil Oberholzer

Imperialism and Global South’s Debt: Insights From Modern Monetary Theory, Ecological Economics, and Dependency Theory
Ndongo Samba Sylla

China and Debt-Trap Diplomacy: A Brief Assessment
Shalendra Sharma


About the Contributors

Index

238 pages, 2023  

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Statement of Purpose: This RESEARCH annual is founded on analyzing society in a manner consistent with the importance of the role of class. International in scope, the annual volumes deal primarily with economic and political issues and the unity between them. Both theoretical and empirical works are included. While published papers must be appropriate for developing class analysis of society, they need not be explicitly marxist. The RESEARCH can accept longer works and thus, in addition to usual journal length papers, may be appropriate for work which is not book length, yet is substantial. For submissions, please send your paper electronically, double-spaced typed with notes as endnotes followed by a reference list, to the volume's editor or general editor. Usual practice is review by two competent persons, on a double-blind basis, within a relatively short period of time.

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