Several interesting facts emerge from the table. First, any countries and regions even some that received substantial debt inflows never defaulted. This includes

Several interesting facts emerge from the table. First, any countries and regions even some that received substantial debt inflows never defaulted. This includes the United States at the federal level, Canada, Australia, South Africa (except for an episode related to sanctions in 1985), most Asian countries, and most Arab countries. http://mitpress.mit.edu/books/chapters/0262195534chapm1.pdf http://mitpress.mit.edu/books/chapters/0262195534chapm1.pdf