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In Debt and Development Stuart Corbridge offers an excitingnew approach to the study of both debt and development, focusing onthe international debt crisis of the 1980's and 1990's, and it'seconomic and geo-political consequences. Moving far beyond theframework of a narrative account, the author demonstrates thatinterpretations of this crisis - and attempts to manage it - arethemselves reflections of wider assumptions about the dynamics ofdevelopment and the organization of the global economy. Part I sets out to provide the 'standard narrative' of the debtcrisis from the OPEC oil price rises onwards, ending with the mostrecent attempts at crisis management. After establishing, as muchas is possible, the facts of the crisis, the author then providesin part II a demonstration of how this crisis might be interpretedfrom three quite different perspectives: a free market 'systemstability' approach; a Keynesian 'system-correction' approach; anda Marxian 'system instability' approach. In a conclusion, theauthor considers how these competing perspectives on debt anddevelopment might be judged. Based on wide teaching experience in the field, Debt andDevelopment will be welcomed by students and teachers ofgeography, developmental studies, economics, internationalrelations and political science.