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		edmundsauto 6 months ago \| parent \| context \| favorite \| on: Six months into tariffs, businesses have no idea h... Debt trap diplomacy is nicely covered in a fun read called Confessions of an Economic Hit Man. Was the standard approach from the US for a while during the Cold War

mensetmanusman 6 months ago [–]

Such a strategy applied only in foreign aid and development lending. all programs combined was about 0.3% of GDP.

U.S. aid was about Cold War geopolitics, China’s BRI is about long-term economic influence via infrastructure debt.

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