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Sovereign Debt Crisis and Economic Sustainability

Saleem, Nazimudeen
Sovereign Debt Crisis and Economic Sustainability
The free enterprise market economy is said to have created miracles in raising prosperity and the quality of life of people worldwide, particularly in the West. In an age of globalization, we wonder if we could continue to enjoy what we are endowed with when the debt inflicted nation-states find it difficult to sustain the status quo. The postwar boom and prosperity is said to have been attained with over-consumption of a commodity called cred...

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