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- DescriptionMainstream ecomists tell us that developing countries will replicate the ecomic 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 ecomies have systematically and deliberately exploited the less-developed ecomies by forcing them into unequal trade and political relationships. Integral to this arrangement are the international ecomic institutions ostensibly created to safeguard the stability of the global ecomy 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, ecomic, 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.
- Author(s)Damien Millet,Eric Toussaint
- PublisherMonthly Review Press,U.S.
- Date of Publication11/10/2010
- SubjectEconomics: Professional & General
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintMonthly Review Press,U.S.
- Content Noteblack & white illustrations, black & white tables
- Weight422 g
- Width152 mm
- Height229 mm
- Spine25 mm
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