Stories written by Vatcharin Sirimaneetham

Assessing Public Debt Sustainability with a Long-Term View

When students from poor families in developing countries are offered places at prestigious universities, they are often faced with a tough choice. One option is to accept the offer and create more debt, likely through borrowing from a loan shark, to pay for tuition fees. Another option is to forgo this opportunity, which could be the first in family generations, and start working as low-wage workers.


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