Customer Reviews

The Globalisation of Poverty: Impacts of Imf and World Bank Reforms

5 star:		(3)
4 star:		(0)
3 star:		(1)
2 star:		(0)
1 star:		(0)

 

 

Looking at case studies from around the developing world, backed up with a strong theoretical analysis of the IMF and World Bank's role in the international economy, the globalisation of poverty brings the reader to one stark conclusion: 'Poverty is an input on the supply side, (of the global economy.)' Particularly interesting is Chossudovsky's explanation of the economic 'miracle' of Vietnam, while his analysis of the Yugoslav disaster, co-sponsored by the IMF and international financial investors, is very timely indeed. As Chossudovsky explains, the IMF and World Bank reforms have not merely suppressed populist and socialist economic measures and achievements; they have also prevented the development of national capitalisms, by creating economies directed towards the needs of the capitalist core states, rather than to the national market. For those harbouring any illusions about the economic order which governs humanity at the end of this century, this book is a necessary read. It's a pity that Chossudovsky works at the University of Ottawa and not the LSE, an institution that definitely needs realistic economists like him.

These are some wonderful thougts that have stimulated my mind into asking the question "CanAfricansThink?".This book exposes the disguise of mainstream economics which leaves human society's precious values at the hands of economic lust.All Africans need to know about this big con job being operated under the disguise of macro economics.

This book is often thought-provoking, but ultimately too shallow. Too many of its conclusions are just stated without enough justification. Although not quite as quick to read, Stiglitz' "Globalization and its discontents" goes much deeper and has a more balanced point of view.

Free thinking economists such as Mr Chossudovsky are few and far between. Please take the time to read about the reality of what we have been lured into.