Debt, the IMF, and the World Bank sixty questions, sixty answers
By: by Éric Toussaint and Damien Millet ; translated by Judith Abdel Gadir ... [et al.].
Contributors: Millet, Damien; Millet, Damien
Publisher: Monthly Review Press
Published: 2010
Place of publication: New York
Language: eng
Number of pages: 364
ISBN-13: 9781583672228; 9781583672235
Description: "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.
Notes: Millet's name appears first in the French ed.

Rev. ed. of: 60 questions-60 réponses sur la dette, le FMI et la banque mondiale / $c Damien Millet, Eric Toussaint. 2008.

Includes bibliographical references.