Debt, the IMF, and the World Bank : Sixty Questions, Sixty Answers

Millet, Damien, Toussaint, Eric

ISBN 10: 1583672222 / ISBN 13: 9781583672228

Published by Monthly Review Press, 2010

About this Item

Former library copy. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.

Seller Inventory # GRP94572370

Bibliographic Details

• Title: Debt, the IMF, and the World Bank : Sixty Questions, Sixty Answers
• Publisher: Monthly Review Press
• Publication Date: 2010
• Language: English
• ISBN 10: 1583672222
• ISBN 13: 9781583672228
• Binding: Soft cover
• Condition: Very Good
• Weight: 0.952 pounds

About this title

Synopsis

Mainstream economists tell us that developing countries will replicate the economic 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 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 economy―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, 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.

About the Authors

éric Toussaint, a doctor in political science, is president of the Committee for the Abolition of Third World Debt, CADTM Belgium. He is author of A Diagnosis of Emerging Global Crisis and Alternatives and The World Bank: A Critical Primer, among other books.

Damien Millet teaches mathematics and is spokespersonfor CADTM France. He is the author of L’Afrique sans dette and co-author with Eric Toussaint of Tsunami Aid or Debt Cancellation.