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Reviewing Debt and Disorder in the Journal of Economic Literature, David Felix commented, 'Most of this book elaborates the thesis that the Third World debt crisis, deepening U.S. foreign indebtedness, and the rising income inequalities and macroeconomic disorder of the past two decades are joint products of Pax Americana in economic distress.'
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MacEwan argues in this short book that world debt is associated with U.S. imperialism and the built-in structural features of international capitalism, and examines the case of Latin America as illustrative of his thesis. The author believes the problems associated with debt will not be resolved because policy decisions have not altered the rules of the game, only the strategy for playing. MacEwen offers a clear argument on a complex subject and insights into contradictory Third World policies, but does not convincingly establish the connection between state imperialism and debt, nor offer an alternative, viable economic model. Recommended for academic libraries.
- Roderic A. Camp, Central Coll., Pella, Ia.
Copyright 1989 Reed Business Information, Inc.
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Book Description Monthly Review Press, 1990. Paperback. Condition: New. Seller Inventory # DADAX0853457964