MER Article Rescheduling the Camp David Debt Egypt’s current debt crisis is one of the fruits of Camp David. Much of the principal and interest now in arrears or coming due was contracted in the heady days when oil prices were soaring and the treaty with Israel and military alliance with Washington certified Egypt as a credit-worthy customer f Joe Stork • 3 min read
MER Article Turner, Capitalism and Class in the Middle East Bryan S. Turner, Capitalism and Class in the Middle East: Theories of Social Change and Economic Development (Atlantic Highlands, NJ: Humanities Press, 1984). Danny Reachard • 2 min read
MER Article International Finance and the Third World The foreign debt of the less developed countries (LDCs) of the Third World now stands at around $600 billion. More than half of this—about $350 billion—is owed to private international banks. Events like the strikes and demonstrations in Brazil this summer, or the labor unrest that triggered the mil Jeff Frieden • 20 min read
