Social Sciences, asked by AshnaBaiju, 3 months ago

statements regarding debt trap

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Answered by rasikaauti09
1

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Debt-trap diplomacy is carried out in bilateral relations, with a powerful lending country seeking to saddle a borrowing nation with enormous debt so as to increase its leverage over it.[1][2] Introduced by Brahma Chellaney in early 2017, the concept of debt-trap diplomacy has grown into "something approaching conventional wisdom" of the Western world.[3][4] But the theory has been criticised by multiple academic institutions including Rhodium Group, Chatham House, Princeton University, etc who states the narrative of debt trap diplomacy, is not true.

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