A gathering of international goodwill

One of the most expensive things a country can lose is international goodwill. In fact, international goodwill is priceless. For a while, investors can continue to be attracted by pure returns, but at some point, the loss of international goodwill is what turns once hopeful countries into global pariahs that no one is willing to touch.

Examples abound of countries that, for various reasons, have lost substantial international goodwill and find themselves ostracised by many, shunned by potential development partners, paying a steep cost for whatever little loans can still be sourced and facing years of hard work to regain global trust.