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Debtors and Creditors in International Politics in the 1980s: Traditional and New Interpretations

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The essay presents a critical review of the literature on the «debt crisis» of the 1980s. In particular, it shows how such a long and critical episode in the international political economy of the late 20th century, long interpreted in a «linear» fashion that considered the «Washington Consensus» a foregone conclusion, has come to be reinterpreted in more complex and nuanced ways after the outbreak of the 2008 global economic crisis. On this basis, the article concludes by proposing a set of research themes and approaches for a further deepening of our knowledge on the subject.


  • Debt Crisis
  • Washington Consensus
  • International Political Economy
  • Structural Adjustment


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