Our lives are all affected by three hugely powerful and well financed, but undemocratic, organizations: the International Monetary Fund, the World Bank and the World Trade Organization. These institutions share, with minor differences, a common ideology. They aggressively promote a very particular kind of 'corporate' capitalism, neoliberalism, giving free rein across the world to the interests of a small number of huge, undemocratic and largely unregulated transnational corporations.

This book presents the history and fundamental ideas of this economic ideology. Describing each member of the 'unholy trinity', it shows how neoliberalism hijacked the IMF, World Bank and WTO in relation to their global financial, development and trade management roles. Instead of their original clearly defined, circumscribed and even benign responsibilities, they have now become the financial policemen of a global economy characterized by mounting extremes of rich and poor and recurrent instability.

The story of the mounting opposition to these 'Bretton Woods' institutions is told. And the book concludes with a trenchant review of the various ideas now being canvassed not simply for their radical reform, but for alternative principles that might guide a very different form of globalization.

About the Author

Richard Peet is Professor of Geography at Clark University in Worcester, Massachusetts, USA. He obtained his BSc (Econ) at the London School of Economics, his MA from the University of British Columbia, and his PhD at the University of California. He was the Editor of the radical geography journal, Antipode, from 1970 to 1985 and Co-Editor of Economic Geography between 1992 and 1998. His published books include: Radical Geography (Maaroufa Press, Chicago, 1977), Global Capitalism: Theories of Societal Development (Routledge, London 1991), Modern Geographical Thought (Blackwell, Oxford, 1998), (with Elaine Hartwick) Theories of Development (New York: Guilford 1999), (with Michael Watts) Liberation Ecologies (London: Routledge 1996 and 2004) and Unholy Trinity: The IMF, World Bank and WTO (Zed Books, 2003). Unholy Trinity has been translated into Spanish as La Maldita Trinidad and is being translated into Arabic and Korean.

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