1. Introduction2. Debt in Service of the State3. States and the Limits of Borrowing4. Democratization and Globalization5. Caveat Emptor6. Managing Problem Debts7. Successful Consolidation8. Warfare to Welfare9. Cycles of Debt10. Oil and Water11. Missed Opportunities12. Debt to the Rescue13. COVID-1914. ConclusionAcknowledgmentsNotesReferencesIndex