Debt-Poverty As an Impediment to Social Development: An Economic and Political Analysis

This is an analysis of the linkages between debt, poverty, and underdevelopment. This work examines how the debt-poverty entanglement aggravates the underdevelopment problem and efforts that have been made to enhance human development. It analyzes the most relevant variables including policy reforms, debt relief, pro-poor expenditures, economic growth, and debt and aid volumes which are expected to impact human development. Using control group interrupted time series design, this study empirically assesses the impact of the ongoing Heavily Indebted Poor Countries (HIPC) program on human development. The book is essential to researchers, practitioners, and policymakers. It provides a knowledge base for future researchers interested in international aid, debt volume, debt relief, poverty alleviation, HIPC, and human development. It will serve as a guide to practitioners on how to better deal with the chronic problem of debt and poverty that beset developing countries.