From Library Journal
The editors and several of the contributing authors are affiliated with the Cato Institute, a moderately conservative Washington, D.C., think tank. Like liberal critics of international leading institutions (see Bruce Rich's Mortgaging the Earth , LJ 1/94, which points to grass-roots movements as the basis for alternative development), the authors argue that aid to the Third World has done little to stimulate development but a great deal to perpetuate poverty and national and lending bureaucracies. They argue that, in place of aid and loans, unhindered corporate capitalism and free trade will open the gates to economic growth and self-determination for underdeveloped countries. While their initial argument is recognized by many observers, there remains much debate about the cures for underdevelopment. Recommended for larger public and academic libraries.- Bill Rau, Takoma Park, Md.
Copyright 1994 Reed Business Information, Inc.
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