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Building knowledge for trade and development

Video and multimedia

In the first of this two-part Vi multimedia resource, Ugo Panizza, of UNCTAD's Division on Globalization and Development Strategies, reveals the facts of life of public debt: why countries borrow, why they sometimes borrow too much, and why they get into debt crises.

Challenging the standard view with findings based on statistical analysis, Panizza reveals the "unexplained" part of sovereign debt.

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Armed with the facts, Panizza dedicates the second part of his presentation to proposing appropriate fiscal policies to avoid -- or deal with -- debt "explosions."

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