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A New String on Third-World Loans

About 3 pages (912 words)

The Washington Post, October 25th, 1991

It's been a bad year for the established rules of international relations. The latest convention to bite the dust is that a nation's military spending is and will remain strictly its own business. The World Bank and the International Monetary Fund announced last week that henceforth they will look askance at governments that devote too much money to defense. Recognition of the link between excessive defense spending on the one hand and crippled economic growth and human despair on the other seems obvious and long overdue. Yet this unprecedented invasion of the most sacrosanct domain of nationa...

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Jessica Mathews. The Washington Post, October 25th, 1991. A New String on Third-World Loans. Content provided by HighBeam Research.

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