• Public Debt, how to grow, and its impact on legal jobs in emerging markets

  • Dec 29 2024
  • Length: 15 mins
  • Podcast

Public Debt, how to grow, and its impact on legal jobs in emerging markets

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    We take time to analyse the implications of high public debt, drawing on Reinhart and Rogoff's research, "Growth in a Time of Debt". The analysis focuses on the impact on Kenya and South Africa, exploring how high debt levels hinder economic growth and increase inflation. Furthermore, it examines the resulting consequences for businesses, the financial sector, and the legal profession, particularly increased demand for debt restructuring expertise and changes in senior lawyer recruitment. Green ultimately suggests opportunities for legal professionals with specialised skills in navigating these economic challenges.
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