Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers

Toussaint, Eric; Millet, Damien

ISBN 10: 1583672222 / ISBN 13: 9781583672228

Editore: Monthly Review Press, 2010

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Riassunto:

Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-market”policies. But scholars and activists Toussaint and Millet demonstrate that this is patently false. 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. 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. 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. 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.

Informazioni sull'autore: Eric Toussaint, a doctor in political science, is president of the Committee for the Abolition of Third World Debt, CADTM Belgium. 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 spokesperson for CADTM France. He is the author of L'Afrique sans dette, and co-author with Eric Toussaint of Tsunami Aid or Debt Cancellation.

Dati bibliografici

Titolo: Debt, the IMF, and the World Bank: Sixty ...
Casa editrice: Monthly Review Press
Data di pubblicazione: 2010
Legatura: Brossura
Condizione: very_good