Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers
| Author | : | |
| Rating | : | 4.14 (808 Votes) |
| Asin | : | 1583672222 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2015-03-06 |
| Language | : | English |
DESCRIPTION:
"Fine study of debt" according to William Podmore. This important study presents a mass of evidence that capitalism has failed to let the peoples of the world have decent living standards. The IMF and World Bank used teaser loans to trap developing countries into debt, and then imposed on them public spe. "The book provides clear and understandable answers to sixty important" according to Mary Landkrohn. The book provides clear and understandable answers to sixty important questions about the WorldBank, the IMF, and their practices. The authors clearly believe that much of the lending to developing countries was conditioned on adjustments to the economie. Another fine book on our debt After reading this book you will want to get in touch with your elected people and give them a peice of your mind.
“Not only an indispensable tool for pro-poor anti-debt activists, but also a very useful synthesis that can and should be used in classrooms.”-Gilbert Achcar,,Professor of Development Studies at the School of Orientatal and African Studies, University of London
Integral to this arrangement are the international economic institutions ostensibly created to safeguard the stability of the global economy—the International Monetary Fund (IMF) and the World Bank—and the imposition of massive foreign debt on poor countries. But scholars and activists Toussaint and Millet demonstrate that this is patently false. The authors explain in simple language, and ample use of graphics, the multiple contours of this exploitative system, its history, and how it continues to function in the present day.Ultimately, Toussaint and Millet advocate cancellation of all foreign debt for developing countries and provide arguments from a number of perspectives—legal, economic, moral. Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-market”policies. Presented in an accessible and easily-referenced question and answer format, Debt, the IMF, and the World Bank is an essential tool for the global justice movement.. Drawing on a wealth of detailed evidence, they explain how developed economies have systematically and deliberately exploited the less-developed economies by forcing them into unequal trade and political relationships
He is the author of L’Afrique sans dette and co-author with Eric Toussaint of Tsunami Aid or Debt Cancellation.. He is author of A Diagnosis of Emerging Global Crisis and Alternatives and The World Bank: A Critical Primer, among other books.Damien Millet teaches mathematics and is spokespersonfor CADTM France. éric Toussaint, a doctor in political science, is president of the Committee for the Abolition of Third World Debt, CADTM Belgium