Debt crises have become dramatically more frequent across the world since the deregulation of lending and global financial flows in the 1970s. An underlying cause of the most recent global financial crisis, which began in 2008, was the rise in inequality and the concentration
of wealth. This made more people and countries more dependent on debt, and increased the amount of money going into speculation on risky financial assets. In this report, by looking at countries’ total net debt (public and private sectors), future projected government debt payments, and the ongoing income deficit (or surplus) countries have with the rest of the
world, have been identified countries either in, or at risk of, new debt crises.