There has been extensive international media coverage of Europe’s contentious austerity measures implemented in the wake of the global financial crisis and subsequent sovereign debt crises. However, austerity has not been confined to Europe in recent years, as countries of the global south have also implemented restrictive fiscal adjustments. This report examines austerity beyond Europe and argues that fiscal contraction in the global south may undermine efforts to improve economic development in the global south.
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By Isabel Ortiz and Matthew Cummins
South centre
March 24, 2013
