Why do countries go bankrupt?/国家为什么会破产

This book is an economic book that explores the formation mechanism and response strategies of the global debt crisis. Ray Dalio, the founder of Bridgewater Associates, divided the debt crisis into five development stages by analyzing 35 government bankruptcy cases in the past 100 years, and summarized the five key factors that affect the future of the world. Based on historical cases, the book systematically explains the whole process of debt accumulation to outbreak, and proposes a specific crisis identification and response framework. This book helps readers understand the cyclical laws of the imminent global debt crisis and its extensive impact on the economy, politics, and society, and provides a set of operational crisis assessment tools for policymakers and investors.

本书是一本经济类著作, 内容是探讨全球债务危机的形成机制与应对策略。桥水基金创始人、作者瑞·达利欧通过分析过去100年间35个政府破产案例, 将债务危机划分为五个发展阶段, 并总结出影响全球未来的五大关键因素。书中以历史案例为基础, 系统阐述了债务从积累到爆发的全过程, 并提出了具体的危机识别与应对框架。该书有助于读者理解迫在眉睫的全球债务危机的周期性规律, 及其对经济、政治、社会广泛的连带影响, 为政策制定者、投资者提供了一套可操作的危机评估工具。