In What Way Can the Shifting of the Debt Crisis

question 5

Essay

In what way can the shifting of the debt crisis to the Global South make that debt illegitimate?

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Definitions:

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.

Parent

A company which has control over another company or companies, typically through ownership of a majority of shares.

Senior Entity

A senior entity is a leading or controlling organization in a relationship, often referring to a parent company in a group of companies or the main party in partnerships.

Net Income

Net income is the profit a company has left over after all its expenses, taxes, and costs have been subtracted from total revenue.