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Odious debt wears two faces: Systemic illegitimacy, problems and opportunities in traditional odious debt conceptions in globali

(January 17, 2007) This paper examines the way that the traditional notion of odious debt as a method of repudiating sovereign debt may undergo a conceptual revolution, as it changes focus from the illegitimacy of governments obtaining loans, to the illegitimacy of the systems through which such loans are made and enforced generally.

A critique of the odious debt doctrine

(January 17, 2007) Defenders of the odious debt doctrine, which bars creditors from collecting sovereign debts that financed the personal consumption of former dictators, argue that this rule would benefit populations following dictatorships and discourage would-be dictators from staging coups in the first place. We show that optimism about the doctrine is based on unrealistic assumptions about the motives and practices of dictators. With more realistic assumptions, the odious debt doctrine.

Odious debt wears two faces: Systemic illegitimacy, problems and opportunities in traditional odious debt conceptions in globali

(January 17, 2007) This paper examines the way that the traditional notion of odious debt as a method of repudiating sovereign debt may undergo a conceptual revolution, as it changes focus from the illegitimacy of governments obtaining loans, to the illegitimacy of the systems through which such loans are made and enforced generally.

Shandong farmers use water for drinking and irrigation from a river as black as ink

(January 17, 2007) First part in a series of articles on China’s pollution crisis. Hundreds of thousands of farmers must use filthy water for drinking and irrigation. The economies of entire farming and fishing villages have been destroyed. Authorities do not seem concerned and do not stop the pollution or help locals whilst local governments are more interested in increasing industrial developments.