Social and Behavioral Sciences Commons^™

The Odious Debt System, Andrew Hanauer

Master's Theses

Over the past forty years, African countries have accumulated enormous quantities of external debt. Today, this debt is heavily burdensome; money spent on debt service is money that cannot be invested into infrastructure development, health, education, or other areas that might benefit the large number of Africans who live in poverty. Calls for debt forgiveness have led western institutions to forgive a portion of this debt, but have not addressed the question of whether or not this debt is legitimate in the first place.

Similarly, academic proposals for the classification and subsequent repudiation or forgiveness of so-called "odious debt" have …