The World Bank is a controversial organisation. It is widely viewed with suspicion, as the international economic arm of the US, in thrall to the President who is responsible for appointing the head of the Bank. Eric Toussaint gives a highly readable account of just why the World Bank has become so powerful. In short, clear chapters he shows how the bank operates, who funds it, and what it sets out to promote. The Bank's main purpose is to grant loans to all the newly independent states of the developing world, to help them on their journey to recovery after colonial occupation. In reality, the conditions imposed on these states -- including enforced privatisation of all public services, and enforced neo-liberal rules on trade -- mean that the Bank has become the new colonial authority in everything but name. This is a perfect book for anyone looking for a critical introduction to the history of the Bank and its role in world affairs.
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Eric Toussaint studies the evolution of the debt of Southern countries with painstaking precision and patience. Thanks to his efforts and those of the young men and women assisting him, the CADTM has established itself as an authentic counter-power to the Bretton Woods institutions and the Paris Club. -- Jean Ziegler, United Nations Special Rapporteur on the Right to Food. Author of numerous books, including La'empire de la honte (The Empire of Shame), 2005. Toussaint's book is an indictment of the World Bank and he is clear that any financial institutions that take its place 'must be subservient to a social movement totally opposed to capitalism and neoliberalism'. -- Michael McDonnell, Socialist Review Eric Toussaint has once again provided absolutely critical information. Anyone concerned with how excessive Northern wealth flows from sustained Southern poverty needs this analysis. -- Patrick Bond, Director, University of KwaZulu-Natal Centre for Civil Society, Durban, South Africa Eric Toussaint studies the evolution of the debt of Southern countries with painstaking precision and patience. -- Jean Ziegler, United Nations Special Rapporteur on the Right to Food Eric Toussaint has once again provided absolutely critical information. Anyone concerned with how excessive Northern wealth flows from sustained Southern poverty needs this analysis. -- Patrick Bond, Director, University of KwaZulu-Natal Centre for Civil Society, Durban, South Africa
About the Author
Eric Toussaint is President of the Committee for the Abolition of Third World debt (CADTM). The international network of the Committee for the Abolition of the Third World Debt (CADTM) is a constellation of associations, organisations, collectives, individuals and movements active in all corners of the world, from a wide variety of cultures, practices and horizons and united by a shared will to combat neo-liberal globalisation and counter it with “another world” based on solidarity, equality and social justice, one they are helping to create daily in their own way, locally, regionally and/or internationally.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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total external public debt, debt crisis looming, total net transfer, total debt stock, negative net transfer, major capitalist powers, public external debt, industrialization model, export substitution, indebted countries Key Phrases - Capitalized Phrases (CAPs): (learn more)
World Bank, United States, Critical Primer, South Korea, Global Development Finance, United Nations, Third World, Bretton Woods, Paul Wolfowitz, Latin America, Second World War, Wall Street, Marshall Plan, Cold War, James Wolfensohn, Miracle Unmasked, Harry White, Anvil Mining, General Assembly, Anne Krueger, Great Britain, Syngman Rhee, Bank Under the Influence, Chun Doo Hwan, White House Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
total external public debt, debt crisis looming, total net transfer, total debt stock, negative net transfer, major capitalist powers, public external debt, industrialization model, export substitution, indebted countries Key Phrases - Capitalized Phrases (CAPs): (learn more)
World Bank, United States, Critical Primer, South Korea, Global Development Finance, United Nations, Third World, Bretton Woods, Paul Wolfowitz, Latin America, Second World War, Wall Street, Marshall Plan, Cold War, James Wolfensohn, Miracle Unmasked, Harry White, Anvil Mining, General Assembly, Anne Krueger, Great Britain, Syngman Rhee, Bank Under the Influence, Chun Doo Hwan, White House Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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