Unholy Trinity: The IMF, World Bank and WTO, Second Edition

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Who really runs the global economy? The triad of "governance institutions"--The IMF, the World Bank and the WTO. Globalization hugely increased these undemocratic institutions’ power, drastically affecting the livelihoods of peoples across the world with their particular kind of neoliberal capitalism. Their 'Washington Consensus' proposed that poverty was to be ended by increasing inequality. This new edition of Unholy Trinity is completely updated and revised. It argues neoliberal global capitalism has produced an unstable global economy, rife with speculation and structurally prone to crises.  Indeed the crisis is now so severe that governance will become impossible. The IMF is in disgrace, the WTO can hardly meet and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity?

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About the Author:

Richard Peet is Professor of Geography at Clark University.

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Praise for the first edition: 

"This is a terrific book...It is politically committed, theoretically sophisticated, analytically incisive, empirically rich, thoroughly engaged, and full of devastating one-liners that greatly enliven its reading."--Roger Lee, Economic Geography

"This is a great book"--David Harvey, CUNY

"Unholy Trinity provides an important history lesson of how the IMF, World Bank, and WTO were twisted from their original mandates to serve the interests of corporate globalization."--John Cavanagh, Director, Institute for Policy Studies

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