Scenarios about 'debt crisis'
A severe economic situation in which a government, region, or country struggles to repay its borrowed funds, often leading to default, austerity measures, or international bailouts. Debt crises have significantly shaped modern economic history, from the Latin American crisis of the 1980s to the European sovereign debt crisis following the 2008 global financial collapse. In alternate history scenarios, different debt crisis outcomes can dramatically alter geopolitical power balances, economic systems, and social stability across nations.
What If Structural Adjustment Programs Were Never Implemented?
Exploring the alternate timeline where the controversial IMF and World Bank structural adjustment policies never reshaped developing economies in the 1980s and 1990s, potentially altering global economic development, debt relationships, and the trajectory of the Global South.
What If The International Debt Crisis of The 1980s Never Occurred?
Exploring the alternate timeline where developing nations avoided the devastating debt crisis of the 1980s, potentially transforming global economic development and North-South relations for decades to come.
What If The Latin American Debt Crisis Never Happened?
Exploring the alternate timeline where Latin American nations avoided the devastating debt crisis of the 1980s, potentially transforming the region's economic development, political stability, and global influence.
What If The Washington Consensus Never Emerged?
Exploring the alternate timeline where the neoliberal economic policies known as the Washington Consensus never became the dominant framework for global development, fundamentally altering the course of economic globalization since the 1980s.