文章基本信息

标题：Odious Debt, Odious Credit, Economic Development, and Democratization
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作者：Ginsburg, Tom ; Ulen, Thomas S.
期刊名称：Law and Contemporary Problems
印刷版ISSN：0023-9186
出版年度：2007
卷号：70
期号：3
页码：115-136
出版社：Duke Law
摘要：When a country signs an international treaty, it is not the government but the state that is bound, and the obligation will stand until a subsequent government formally exits the treaty. Exit is presumed to be costly: a government that "repudiates" earlier treaty obligations will suffer reputational harm in its international relations. Moreover, this general background norm of international law applies as well to debt: a government can announce that it is renouncing debt, but it will suffer severe reputational harm in the debt marketplace, much as a government that repudiates public international law obligations suffers a reputational harm. Here, Ginsburg and Ulen talks about the odious debt and odious credit in relation to economic development and democratization.
关键词：Credit; Economic development; Debt; International law; Democracy; Democratization; External debt relief; Economic development; External debts; Economic aspects