{"product_id":"the-debt-trap-how-sovereign-debt-became-the-defining-crisis-of-our-age-9798198872721","title":"The Debt Trap: How Sovereign Debt Became the Defining Crisis of Our Age","description":"\u003cp\u003e • Author(s): Nicholas Holt\u003cbr\u003e • Publisher: Independently Published\u003cbr\u003e • Publisher Imprint: Independently Published\u003cbr\u003e • BISAC: International - Economics\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe world is drowning in debt - and the reckoning is coming.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eSovereign debt has become the silent crisis of our age. The United States owes $35 trillion. China's hidden local-government debt may exceed $15 trillion. Europe's south remains shackled to German credit. And dozens of emerging markets are one interest-rate hike away from default.\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe Debt Trap\u003c\/i\u003e, Nicholas Holt delivers the first truly global account of how nations borrowed their way to prosperity - and why the bill is about to come due. Drawing on central bank data, IMF reports, and on-the-ground reporting from capitals in crisis, Holt reveals the architecture of a financial system built on borrowed time.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eInside, you will discover: \u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eHow the United States transformed from the world's largest creditor to its largest debtor - and why the dollar's dominance makes the trap worse\u003c\/li\u003e\n\u003cli\u003eChina's hidden debt bomb: local government financing vehicles, shadow banking, and the property sector's slow-motion collapse\u003c\/li\u003e\n\u003cli\u003eDebt-trap diplomacy exposed: when lending becomes a weapon of geopolitical coercion\u003c\/li\u003e\n\u003cli\u003eThe IMF's impossible dilemma: bailouts that save economies but destroy governments\u003c\/li\u003e\n\u003cli\u003eCorporate debt's role in the coming crisis: leveraged buyouts, zombie companies, and the end of easy money\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cb\u003eThe book explores three possible futures: \u003c\/b\u003e\u003c\/p\u003e\u003col\u003e\n\u003cli\u003e\n\u003cb\u003eThe Orderly Deleveraging: \u003c\/b\u003e A generation of austerity, inflation, and managed defaults\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eThe Debt Jubilee: \u003c\/b\u003e Mass forgiveness that reshapes the global financial order\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eThe Chaotic Default: \u003c\/b\u003e A cascade of sovereign failures that triggers a new depression\u003c\/li\u003e\n\u003c\/ol\u003e\u003cp\u003eFor investors, policymakers, and citizens who need to understand the forces that will shape the next decade, \u003ci\u003eThe Debt Trap\u003c\/i\u003e is the essential roadmap.\u003c\/p\u003e","brand":"Independently Published","offers":[{"title":"Paperback","offer_id":47890080825495,"sku":"9798198872721","price":1906.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9798198872721.webp?v=1781178765","url":"https:\/\/atlanticbooks.com\/products\/the-debt-trap-how-sovereign-debt-became-the-defining-crisis-of-our-age-9798198872721","provider":"Atlantic Books","version":"1.0","type":"link"}