IOU: The Debt Threat and Why We Must Defuse ItWe are bombarded with images of poverty, terrorism, war and collapsing states. Do we ever question what the root cause of these problems might be? Noreena Hertz, one of the world's leading experts on economic globalization, tackles Third World Debt as a problem which must be resolved if we are ever to see global stability. For every $1 the west gives to developing countries in aid, developing countries pay the west $9 in debt service. At the beginning