Debt, Structural Adjustment and Health  

Oleh:

Sanders, David

Jenis: Article from Books - E-Book
Dalam koleksi: Global Health and Global Health Ethics, page 155-165.
Topik: The Etiology of Debt and its Morbidity; The Health Consequences of SAPs
Fulltext: Debt, Structural Adjustment and Health.pdf (206.88KB)

Isi artikel

Given that debt accumulated by the apartheid system is an example par excellence of odious debt, the new democratic South Africa had compelling legal and ethical reasons for disowning it (Rudin, 1999, 2000). Rather than disown the odious debt, the govern- ment actively sought to undermine Jubilee South Africa, the campaign founded to repudiate the apartheid debt ( BusinessReport ( SA ), November 8 and 22, 1998). Moreover, it is arguable that few governments or other creditors would have insisted on Mandela’s South Africa repaying odious apartheid debts at the expense of the newly liberated black majority. Additionally, South Africa is far from being a poor country. Being the dominant economic power in Africa also gave the country political influence and both considerations put South Africa in a far stronger position to resist the debt burden than most other peripheral countries. Before attempting to make sense of this conun- drum of South Africa’s debt, a few preliminary comments are apposite.

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