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. And if the U.S.
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