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Debt-for-development exchanges are one technique through which to address the ongoing debt crisis in the less-developed world. This paper discusses how Australia’s first debt-for-development exchange, with Indonesia, came into being, and explores future possibilities for Australian debt exchanges. It is an interesting example of how activists and advocates can successfully pursue innovative public policy solutions to development problems. More importantly, however, this paper explores the link between debt accumulation in less-developed countries and trade policies of industrialised countries like Australia.Debt-for-development exchanges in Australia: past, present and future.

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