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How not to Face Debt Traps in Dependent Economies: Argentina’s Recent Experience in Hindsight

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  • Mariano Féliz

    (Instituto de Investigaciones en Humanidades y Ciencias Sociales del Consejo Nacional de Investigaciones Científicas y Técnicas y la Universidad Nacional de La Plata)

Abstract

Recent debate on debt sustainability in Argentina has put forth the need to establish new parameters into the international credit institutions’ debt sustainability assessments. The article provides a situated critic of standard assessments while delving into the core of the debt sustainability discussion. It also provides a clearer understanding of how to make visible some key assumptions at the core of the debt sustainability models, showing how to include the social and political conflict and human rights limitations into the framework for debt repayment strategies in dependent economies. Lastly, it presents a synthetic reflection on how we can build a better, more realistic framework to assess debt sustainability, especially in countries that have consistently shown difficulties to comply (i.e., Argentina).

Suggested Citation

  • Mariano Féliz, 2024. "How not to Face Debt Traps in Dependent Economies: Argentina’s Recent Experience in Hindsight," Development, Palgrave Macmillan;Society for International Deveopment, vol. 67(3), pages 205-212, December.
    • Handle: RePEc:pal:develp:v:67:y:2024:i:3:d:10.1057_s41301-024-00414-6
    DOI: 10.1057/s41301-024-00414-6
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    References listed on IDEAS

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    1. Guzman Martin & Heymann Daniel, 2015. "The IMF Debt Sustainability Analysis: Issues and Problems," Journal of Globalization and Development, De Gruyter, vol. 6(2), pages 387-404, December.
    2. Jason Hickel & Dylan Sullivan & Huzaifa Zoomkawala, 2021. "Plunder in the Post-Colonial Era: Quantifying Drain from the Global South Through Unequal Exchange, 1960–2018," New Political Economy, Taylor & Francis Journals, vol. 26(6), pages 1030-1047, November.
    3. Daniel D Bradlow & Rosa M Lastra & Stephen Kim Park, 2024. "Re-thinking the sustainability of sovereign debt," Journal of International Economic Law, Oxford University Press, vol. 27(2), pages 336-352.
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