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Debt trap diplomacy is nicely covered in a fun read called Confessions of an Economic Hit Man. Was the standard approach from the US for a while during the Cold
by edmundsauto 1y ago
Debt trap diplomacy is nicely covered in a fun read called Confessions of an Economic Hit Man. Was the standard approach from the US for a while during the Cold War
- mensetmanusman 1y agoSuch a strategy applied only in foreign aid and development lending. all programs combined was about 0.3% of GDP. U.S. aid was about Cold War geopolitics, China’s BRI is about long-term economic influence via infrastructure debt.