When will PRC China own Cambodia outright?

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nemo
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Re: When will PRC China own Cambodia outright?

Post by nemo »

nerdlinger wrote: ↑Thu Nov 18, 2021 1:57 am
nemo wrote: ↑Wed Nov 17, 2021 6:21 pm USD being the reserve currency makes it a special case. Just devalue it and pay debt easy.
Not sure if you're serious but this seems like it would be a painful option given the US also runs a high trade deficit.
USD nominal debt. Devalued dollars make it cheap to pay.
They did just that on Japan's heavy investment in USA in the early 1980's.
Japan tried to recover with spending on concrete, but the young ppl just stopped breeding.
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ali baba
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Re: When will PRC China own Cambodia outright?

Post by ali baba »

hdgh29 wrote: ↑Tue Nov 23, 2021 4:12 pmBut to call it a loan and then write it off? maybe it keeps bureaucrats employed?
They write off the loan when the other party does them a solid. China previously wrote off a bunch of debt when Cambodia returned a group of Uighur asylum seekers to them. Many countries receive donations and debt forgiveness in exchange for votes at the UN. When Yemen voted against the invasion of Iraq the US ambassador told them that decision would cost them $70 million.

In The Dictator's Handbook [P 179] the authors state that being elected to the UNSC is very harmful to countries as "on average [they] grow more slowly, become less democratic and experience more restrictions on press freedoms than eligible nations that are not elected."
Scarier than malaria.
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