When will PRC China own Cambodia outright?
Re: When will PRC China own Cambodia outright?
USD nominal debt. Devalued dollars make it cheap to pay.nerdlinger wrote: ↑Thu Nov 18, 2021 1:57 amNot sure if you're serious but this seems like it would be a painful option given the US also runs a high trade deficit.
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.
Re: When will PRC China own Cambodia outright?
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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