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Articles on Debt

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A Puerto Rican man passes buildings for lease in San Juan, Puerto Rico, on May 16, 2017. Mark Ralston/AFP via Getty Images

Puerto Rico has a plan to recover from bankruptcy — but the deal won’t ease people’s daily struggles

Puerto Rico has reached an agreement to partially settle its historic bankruptcy crisis. But public cuts to education and health care are unlikely to ease, creating ongoing challenges for Puerto Ricans
Visitors take photos near a model of the doll Younghee featured in ‘Squid Game,’ displayed at the Olympic park in Seoul, South Korea, on Oct. 26, 2021. (AP Photo/Lee Jin-man)

‘Squid Game’ highlights plight of South Korean workers sacrificed for nation’s economic gain

Squid Game alludes to anti-worker violence that has permeated South Korean labour history, and reminds viewers of the need to overcome real inequalities.
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‘Similar to ordering a pizza’: how buy now, pay later apps influence young people’s spending

Instead of blaming young people for eating too many avocado toast breakfasts, we need a better understanding of the economy and society they are growing up in.
Nigeria’s economy is struggling to recover from fluctuating oil price, inflation and impact of COVID-19 pandemic. Photo by Pius Utomi Ekpei/AFP via Getty Images

Nigeria’s debt is sustainable, but dangers loom on the horizon

To non-economists, the World Bank ranking Nigeria fifth on the list of its top ten debtor countries is alarming. A deeper analysis shows there is no cause for concern.

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