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- DescriptionHudson is one of the tiny handful of ecomic thinkers in today's world who are forcing us to look at old questions in startling new ways . Alvin Toffler, best-selling author of Future Shock and The Third Wave This new and updated edition of Michael Hudson's classic political ecomy text explores how and why the US came to achieve world ecomic hegemony. Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American ecomic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Ecomic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank. Exploring how America achieved its ecomic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new ecomic order and the future of war.
- Author BiographyMichael Hudson is an economist who has worked for Chase Manhattan Bank, Arthur Andersen & Co., and the Hudson Institute. He has taught at New York University and the New School.
- Author(s)Michael Hudson
- PublisherPluto Press
- Date of Publication20/04/2005
- SubjectEconomics: Professional & General
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintPluto Press
- Content Notegraphs and tables
- Weight404 g
- Width135 mm
- Height215 mm
- Spine20 mm
- Format DetailsTrade paperback (UK)
- Edition Statement2nd Revised edition
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