Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct afree-marketapolicies. 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 economyathe International Monetary Fund (IMF) and the World Bankaand 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 perspectivesalegal, 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.See aCO2 Emissions: A Piece of the Pie, a Science, May 11, 2007. See CDIAC, http://cdiac.ornl.gov. UNCTAD, Manual of Statistics 2006a7, www.unctad.org. Abraham Lincoln ... See http://avalon.law.yale.edu/imt/partix.asp. For a detailedanbsp;...
|Title||:||Debt, the IMF, and the World Bank|
|Author||:||Eric Toussaint, Damien Millet|
|Publisher||:||NYU Press - 2010-09-01|