Front cover image for Debt, the IMF, and the World Bank sixty questions, sixty answers

Debt, the IMF, and the World Bank sixty questions, sixty answers

"Maintream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct "free-market" policies. The authors 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."--Publisher
Print Book, English, ©2010
Monthly Review Press, New York, ©2010
miscellanies
364 pages : illustrations ; 21 cm
9781583672228, 9781583672235, 1583672222, 1583672230
630467535
Human rights, development, and debt
The origin of the debt in developing countries
The debt crisis
The IMF, the World Bank, and the logic of structural adjustment
Other international players : the PARIS CLUB and the WTO
The structure of developing countries' debt
Deciphering the official discourse on debt relief
The sham of the dominant model
Debt cancellations and suspensions of payment in the past
The case for canceling the debt of developing countries
Issues raised by canceling the debt of the developing countries
Constructing radical alternatives
International campaign for debt cancellation
Millet's name appears first in the French ed
Revised edition of: 60 questions-60 réponses sur la dette, le FMI et la banque mondiale / $c Damien Millet, Eric Toussaint. 2008