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Odious debt in retrospect.

I

INTRODUCTION

In the eighty years since Alexander Sack coined the phrase "odious debt," academics and activists have periodically rediscovered Sack's idea, often arguing for its application or extension--to this point, in vain. The articles in this volume, as well as discussions among their authors at the Duke conference, reveal the degree to which current interest in the problem of odious debt is intertwined with other problems that strike more critically at the well-being of developing- and emerging-market countries. Although, as also becomes clear from the articles, there is no consensus on the definition of "odious debt," the concept in all its variations is ...

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