Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $23.00
Usually ships in 1-2 business days
(Save 72%)
Other sellers (Hardcover)
  • All (2) from $23.00   
  • Used (2) from $23.00   
Close
Sort by
Page 1 of 1
Showing All
Note: Marketplace items are not eligible for any BN.com coupons and promotions
$23.00
Seller since 2005

Feedback rating:

(3821)

Condition:

New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

Very Good
Very Good Minimal wear to cover. Pages clean and binding tight. There is no dj attached. Hardcover.

Ships from: New York, NY

Usually ships in 1-2 business days

  • Canadian
  • International
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
$64.86
Seller since 2009

Feedback rating:

(952)

Condition: Like New
1583672230 Truly BRAND NEW Book w/ Subtle Ding/s. 100% Satisfaction Guaranteed. Fast Shipping, usually w/ Tracking! More Details: *** CONDITION: This book is brand new with clean, ... crisp pages, but there is usually a small ding such as light scuffing or small corner crease, or a store sticker on back. Usually you cannot tell it is not totally brand new. Generally gift quality. SHIPPING: We ship all orders either on the day you placed it or the next business day. And at our extra expense, we typically provide tracking (except we do not usually include tracking for inexpensive books). Please note: if you live in Hawaii or Alaska, Puerto Rico or Guam, please order priority if you need your order quickly because non-expedited delivery to those distant places can be very slow (that is the same for every seller; it is a postal issue). Within the lower 48, we are fast! . . . OUR SERVICE: As the thoroughness of this description suggests, we take customer service and your complete satisfaction seriously. We stand by our name ... Read more Show Less

Ships from: Brattleboro, VT

Usually ships in 1-2 business days

  • International
  • Standard, 48 States
  • Standard (AK, HI)
  • Express, 48 States
  • Express (AK, HI)
Page 1 of 1
Showing All
Close
Sort by

Overview

Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-market”policies. But scholars and activists Toussaint and Millet demonstrate that this is patently false. Drawing on a wealth of detailed evidence, they explain how developed economies have systematically and deliberately exploited the less-developed economies by forcing them into unequal trade and political relationships. Integral to this arrangement are the international economic institutions ostensibly created to safeguard the stability of the global economy—the International Monetary Fund (IMF) and the World Bank—and the imposition of massive foreign debt on poor countries. The authors explain in simple language, and ample use of graphics, the multiple contours of this exploitative system, its history, and how it continues to function in the present day.

Ultimately, Toussaint and Millet advocate cancellation of all foreign debt for developing countries and provide arguments from a number of perspectives—legal, economic, moral. Presented in an accessible and easily-referenced question and answer format, Debt, the IMF, and the World Bank is an essential tool for the global justice movement.

Read More Show Less

Editorial Reviews

From the Publisher

“Not only an indispensable tool for pro-poor anti-debt activists, but also a very useful synthesis that can and should be used in classrooms.”
-Gilbert Achcar,,Professor of Development Studies at the School of Orientatal and African Studies, University of London

Read More Show Less

Product Details

  • ISBN-13: 9781583672235
  • Publisher: Monthly Review Press
  • Publication date: 9/1/2010
  • Pages: 304
  • Product dimensions: 5.60 (w) x 8.30 (h) x 1.10 (d)

Meet the Author

éric Toussaint, a doctor in political science, is president of the Committee for the Abolition of Third World Debt, CADTM Belgium. He is author of A Diagnosis of Emerging Global Crisis and Alternatives and The World Bank: A Critical Primer, among other books.

Damien Millet teaches mathematics and is spokesperson for CADTM France. He is the author of L’Afrique sans dette and co-author with Eric Toussaint of Tsunami Aid or Debt Cancellation.

Read More Show Less

Table of Contents

Abbreviations 10

Introduction 11

1 HUMAN RIGHTS, DEVELOPMENT, AND DEBT 13

1 What is meant by "developing countries"? 15

2 Why is the term "development" ambiguous? 19

3 What is the link between debt and poverty? 22

4 What are the "Millennium Development Goals" (MDG)? 27

5 What are the different kinds of debt for developing countries? 44

2 THE ORIGIN OF THE DEBT IN DEVELOPING COUNTRIES 47

6 What part did private banks play in the development of developing countries' external debts in the 1960s & 1970s? 49

7 What part did the World Bank play in the development of the developing countries' external debts in the 1960s and 1970s? 51

8 How does the World Bank function? 54

9 What part did the governments of countries of the North play in the evolution of the developing countries' external debt in the 1960s and 1970s? 61

10 How was the borrowed money used in the developing countries? 63

3 THE DEBT CRISIS 71

11 How did the price of commodities evolve during the last quarter of the twentieth century? 73

12 What role did the evolution of interest rates play in the 1982 debt crisis? 75

13 Are the World Bank, the IMF, and private banks somehow responsible for the debt crisis? 79

14 How did creditors respond to the debt crisis? 82

15 Are there any similarities with the 2007 subprime crisis? 88

4 THE IMF, THE WORLD BANK, AND THE LOGIC OF STRUCTURAL ADJUSTMENT 93

16 How does the IMF function? 95

17 What are the short-term or shock measures imposed by structural adjustment, and what are their consequences? 106

18 What are the long-term or structural measures imposed by structural adjustment, and what are their consequences? 109

19 What is the impact of the IMF/World Bank logic on the world food crisis of 2007? 119

5 OTHER INTERNATIONAL PLAYERS: THE PARIS CLUB AND THE WTO 125

20 What is the Paris Club? 127

21 Are all the developing countries treated in the same way by the Paris Club? 131

22 What is undermining the Paris Club? 135

23 What is the role of the World Trade Organization (WTO)? 138

6 THE STRUCTURE OF DEVELOPING COUNTRIES' DEBT 143

24 Of what does the external debt of developing countries consist? 145

25 How has the debt changed since 1970? 150

26 Do developing countries repay debts? 152

27 What about the external public debt of developing countries? 155

28 How are the debt-related financial flows directed? 161

29 What about the domestic debt of developing countries? 164

7 DECIPHERING THE OFFICIAL DISCOURSE ON DEBT RELIEF 171

30 How did the debt relief initiative come about? 173

31 What is the Heavily Indebted Poor Countries (HIPC) initiative? 175

32 Has the HIPC initiative achieved its goal? 178

33 What was contained in the latest debt relief announced by the G8 in 2005? 188

8 THE SHAM OF THE DOMINANT MODEL 195

34 Does Official Development Assistance (ODA) help to mitigate the effects of the debt? 197

35 Is micro-credit a solution to the excessive debt of developing countries? 204

36 Have the policies promoted by the World Bank and the IMF contributed to the fight against climate change? 206

37 What is NEPAD? 211

9 DEBT CANCELLATIONS AND SUSPENSIONS OF PAYMENT IN THE PAST 215

38 Is it impossible to cancel debt? 217

39 Why do the governments of the South continue to repay the debt? 228

40 What are vulture funds? 230

10 THE CASE FOR CANCELING THE DEBT OF DEVELOPING COUNTRIES 237

41 What are the moral arguments in favor of canceling the debt of developing countries? 239

42 What are the political arguments in favor of canceling the debt of developing countries? 241

43 What are the economic arguments in favor of canceling the debt of developing countries? 244

44 What are the legal arguments in favor of canceling the debt of developing countries? 246

45 What are the environmental arguments in favor of canceling the debt of developing countries? 254

46 What are the religious arguments in favor of canceling the debt of developing countries? 257

47 Who owes what to whom? 261

48 Who has the right to impose conditions on debt cancellation? 262

49 Can the development of emerging countries be ensured simply by repudiating their debt? 264

11 ISSUES RAISED BY CANCELING THE DEBT OF THE DEVELOPING COUNTRIES 267

50 Would canceling the debt of developing countries cause of global financial crisis? 269

51 If developing countries' debts were canceled, would the citizens of the North end up paying the bill? 273

52 Will canceling the debt help reinforce existing dictatorial regimes? 276

53 Should borrowing be avoided at all cost? 281

12 CONSTRUCTING RADICAL ALTERNATIVES 285

54 What are the alternatives for human development in the developing countries? 287

55 If and when the debt is canceled, how can a new round of indebtedness be avoided? 302

56 What is debt auditing? 304

57 Are China, sovereign funds, or the Bank of the South valid alternatives? 307

58 Can the developing countries' external public debt be compared to the public debt of the North? 315

13 INTERNATIONAL CAMPAIGN FOR DEBT CANCELLATION 319

59 How did the international campaign for debt cancellation start? 321

60 What is CADTM and how was it born? 324

Appendix 1 The 145 Developing Countries in 2008 329

Appendix 2 Glossary 333

Notes 347

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)