Democracy's Debt Dilemma
Harvard Business Review
APRIL 24, 2012
The following table, based on IMF projections, is a list of the top 20 global economic powers (by GDP): Other mature but smaller democracies have huge debt-to-GDP ratios as well, including Greece (166), Ireland (109), and Portugal (106). And many of the world's top debt holders are its largest and most powerful democracies.
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