The Debt Boomerang: How Third World Debt Harms Us All / Edition 1

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Overview

In an unsettling but lucid critique, The Debt Boomerang shows that we in the North must also pay the price of World Bank and IMF policies that have accelerated deforestation, encouraged mass migrations, fuelled an expanding drug trade and heightened global instability and conflict.

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Editorial Reviews

New Scientist
Susan George's book explores the hidden link between Third World peasants and First World taxpayers.
Booknews
A report by the "scholar-activists" at the Transnational Institute, Amsterdam, arguing that taxpayers in industrial countries are paying heavily for debt in the third world through environmental degradation, cocaine imports, government subsidies to banks, lost jobs, and other factors. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780745305943
  • Publisher: Pluto Press
  • Publication date: 1/28/1992
  • Series: Transnational Institute
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 224
  • Product dimensions: 5.20 (w) x 8.30 (h) x 0.60 (d)

Table of Contents

Abbreviations
Highlights
Acknowledgments
Introduction
The First Boomerang: The Environment 1
The Second Boomerang: Drugs 34
The Third Boomerang: How Northern Taxpayers are Bailing out the Banks 63
The Fourth Boomerang: Lost Jobs and Markets 93
The Fifth Boomerang: Immigration 110
The Sixth Boomerang: Conflict and War 136
Conclusion 168
Notes and References 175
Index 191
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  • Anonymous

    Posted September 7, 2001

    Every American Should Read This Book!

    'The Debt Boomerang,' by Susan George is an amazing, captivating, and enlightening book. Having been introduced to the book during a college 'social problems class' I grabbed it and read it eagerly. This is a book that all American citizens should read in order to become familiar with an important issue that they won't hear discussed in the media or politically. Third world debt is both tragic and dangerous--and 'we' are in some ways as guilty as anyone for promoting it. Environmental,drug, immigrant, tax burdens, higher un-employment and terrorism are all deligently illustrated as linked to third world debt. Susan George uncovers the secrets that the World Bank and International Monetary Fund don't want you to know, and she does it in a thorough and responsible manner. Read this book!

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