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The book analyzes factors driving national borrowing, such as fiscal deficits and recessions, and their consequences on economic growth and inflation. Case studies from various countries illustrate successful and unsuccessful debt management strategies. For example, political factors like electoral cycles often influence fiscal policy decisions, impacting debt levels.
The book emphasizes responsible fiscal management and transparent debt policies. The book's structure provides a comprehensive overview, beginning with fundamental concepts and progressing through causes, consequences, and policy options for managing public debt. It uniquely integrates economics with political science, sociology, and international relations, offering an interdisciplinary approach.
By drawing on data from organizations like the IMF and the World Bank, Public Debt arms policymakers, economists, and interested citizens with actionable insights for informed decision-making.
