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The Globalization of Poverty and the New World Order 2nd ed. Edition

4.7 out of 5 stars 26 customer reviews
ISBN-13: 978-0973714708
ISBN-10: 0973714700
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Editorial Reviews


"A leading intellectual of the antiwar movement. He works his tail off documenting the material he presents and is rigorous." -- Jude Wanniski, Polyconomics.

"The book can and should be read by all with an interest in world peace and the causes of poverty." -- Frances Hutchinson, The Ecologist

"The current system, Chossudovsky argues, is one of capital creation through destruction." -- Michele Stoddard, Covert Action Quarterly

"This study by an economics insider shows the consequences of "reforms" in various parts of the world. Definitely red-pill material." -- Richard K. Moore, Whole Earth.

Michel Chossudovsky's valuable study addresses some of the most important issues of the current era. -- Noam Chomsky, Octopusbooks.com

The strength of the book: the diversity and detail of the country studies and Chossudovsky's experience in several of them. -- Leo Vox, Hunger Notes

From the Publisher

Published in 11 languages. More than 100,000 copies sold Worldwide

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Product Details

  • Paperback: 376 pages
  • Publisher: Global Research; 2nd ed. edition (September 10, 2003)
  • Language: English
  • ISBN-10: 0973714700
  • ISBN-13: 978-0973714708
  • Product Dimensions: 5.5 x 0.8 x 8.3 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (26 customer reviews)
  • Amazon Best Sellers Rank: #196,067 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback
I was originally born in Uganda and I can assure you that Africans have always been suspicious of the so-called "aid" they receive since it almost always comes after a crisis that they can't quite explain (like how did a bunch of poor, illiterate preteens get the money to buy those fancy weapons, or why won't aid agencies buy food from the local farmers and distribute THAT).

Suspicions and rumors are insufficient to counter what appears, on the surface, to be international generosity. That is why I am grateful for Chossudosky's contrarian masterwork. It confirms the fears and suspicions regarding a return to colonialism and economic slavery. The fact that Chossudosky was willing to put his career on the line to write this hard-hitting book is worthy of our attention. He shows, without a shadow of a doubt, that there is a deliberate and systematic campaign of "economic genocide" against Africa and all other resource-rich regions. Neoliberalism have mastered the British colonial-era double-speak of "liberty", "democracy", "markets", etc. "Market liberalization" is nothing more than armed robbery. And "investment" is really nothing more than "asset stripping". The Adam Smith phraseology of free-trade and free markets is used, much like their British predecessors, to recolonize the world. Chossudosky shows how the "Washington Consesus" has embarked on a foreign policy strategy of economic sabotage and "strangulation." As Kissinger famously ordered, in the now declassified National Security Memorandum 200, Africans should be kept from becoming consumers of their own raw materials.

Chossudosky does an enormous favors to us neophytes by decoding the neoclassical econo-babble.
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Format: Paperback
With the North American governments and their media flacks noisily championing "economic liberalisation", dissenting voices are muted. The voices of those most directly affected by "globalisation" are fainter yet. Michel Chossudovsky attempts to overcome the raucous proponents of "international free trade" with an examination of just what it does and how it impacts civil societies. The picture he provides isn't pleasant. However, turning away will not cause it to fade from lack of our attention. In fact, reading this book is an eye-opening, if not eyebrow raising experience.
Among the rare critics of globalization Chossudovsky has "on-site" credentials beyond his academic base. He's been on the scene of several nations subjected to International Monetary Fund and World Bank policies. He examines the results of these and other international financial agencies' policies. From Chile through Rwanda to Somlia and Korea, he shows how a new form of warfare is under way. Conquest no longer requires bullets to occupy a nation nor suppress a people. Conquerers now wield position papers, American dollars or Euros and trade impositions. Surrender agreements come in the form of "conditions" accompanying loans and investments. These dicta result in the stripping away of social programmes, alienation of subsistence farm holdings and displacement of vast numbers. These people, deprived of income, traditions and opportunity have become a new breed. They are the hopeless poor for which no amount of "aid" can provide succour.
As he demonstrates repeatedly, the mechanism is simple.
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M. Chossudovsky attacks head on the New World Order imposed by the World Bank (WB0), the IMF and the WTO, calling their economic 'reforms' enforced on countries in distress not less than genocides.

Their 'free market' system is rigged. The WTO agreements grant entrenched rights to the world's largest financial and industrial conglomerates, derogating the ability of national governments to regulate their economies. The IMF programs enforce governments to privatize big chunks of their national economy, liberalize their markets and downsize social provisions (education, health, social security).

Their 'free' market system is synonym of human poverty, destruction of the natural environment, social apartheid, racism and ethnic strife, undermining of women's rights, economic dislocations, forced displacements, landless farmers, shuttered factories and jobless workers.

More, he accuses the IMF of supporting the appropriation of global wealth by speculators through manipulation of currency and commodity markets. It even manipulates itself its economic statistics in order to show that its policies work. Finally, it cooperates with warmongerers and 'peace keepers'.

He illustrates his verdicts with a host of examples.

Somalia: the entire social fabric of the pastoralist economy was undone through duty-free beef and dairy products from the EU.

Rwanda: the restructuring of the agricultural system precipitated the population into destitution, leading to a genocide.

Ethiopia: the Structural Adjustment Programme caused starvation.

Bangladesh: a devaluation and price liberalization exacerbated famine. Deregulation of the grain market meant dumping of US grain surpluses.
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