Democratizing the Global Economy: The Battle Against the World Bank and the IMF

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Overview

For half a century the International Monetary Fund and the World Bank-two of the most powerful institutions on Earth-operated in near-total secrecy. Now, an international grassroots movement is exposing these elite operations to the uncomfortably bright light of public scrutiny.

Authors include:

* Robert Naiman on how IMF and World Bank policies lower wages and encourage sweatshops;

* Carol Welch on how economic lending institutions are used for corporate welfare;

* Robert ...

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More About This Book

Overview

For half a century the International Monetary Fund and the World Bank-two of the most powerful institutions on Earth-operated in near-total secrecy. Now, an international grassroots movement is exposing these elite operations to the uncomfortably bright light of public scrutiny.

Authors include:

* Robert Naiman on how IMF and World Bank policies lower wages and encourage sweatshops;

* Carol Welch on how economic lending institutions are used for corporate welfare;

* Robert Weissman on how most debt relief programs have been little more than a PR stunt;

* Terry Allen on police brutality and recent government efforts to chill activism;

* Naomi Klein on how criticism of protestors' "lack of vision" has often missed the point;

* Fidel Castro on the need for poor nations to unite against corporate rule;

* Deborah James on twelve ways to democratize the global economy;

* and many, many more.

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Editorial Reviews

From The Critics
Ably edited by Kevin Danaher, Democratizing The Global Economy: The Battle Against The World Bank & The IMF is a clarion call to action by grassroots activists seeking to expose two of the most powerful financial institutions in the world, The World Bank and the International Monetary Fund. Both of which work in near total secrecy, often to the detriment of ordinary people of the working class and citizens of third-world nations. Included among the contributors are Fidel Castro on the need for poor nations to unite against corporate rule; Carol Welch on how economic lending institutions are used for corporate welfare; Robert Weisman on how most debt relief programs have been little more than public relations distractions; Terry Allen on police brutality and recent government efforts to suppress activism; Naomi Klein on how criticism of protestors' alleged "lack of vision" has often been misleading; Deborah James on twelve effective ways to democratize the global economy; and many more articulate and experienced commentators. Democratizing The Global Economy is a much needed and very welcome contribution to personal and academic economic studies reading lists and reference collections.
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Product Details

  • ISBN-13: 9781567512090
  • Publisher: Common Courage Press
  • Publication date: 7/1/2002
  • Pages: 200
  • Product dimensions: 5.00 (w) x 7.70 (h) x 0.70 (d)

Table of Contents

Acknowledgments
Introduction 7
Sect. 1 The Art and Science of Protesting Transnational Elites 15
1 Granny Goes to Washington, and Goes to Jail 17
2 D.C. Policy Broke the Law to Keep Order 33
3 For the Press, Magenta Hair and Nose Rings Defined Protests 42
4 How the A16 Protests Were Organized 46
5 Lessons from Seattle and Washington, D.C. 54
6 Assessing A16 61
7 The Power of the People 67
Sect. 2 Why the World Bank and the IMF Suck 71
8 We Either Unite or We Die 74
9 Twenty Questions on the IMF 84
10 A Letter to Congress 99
11 Congress Takes Action Against IMF/World Bank User Fees 102
12 Zimbabwe's Crisis Justifies World Bank/IMF Protests 106
13 Warning: World Bank Policies Destroy Forests 110
14 End the World Bank's Corporate Welfare Programs! 116
15 The World Bank's Revolving Door 121
16 Silencing Joseph Stiglitz 127
17 Collateral Damage at the World Bank 130
18 Bank Chief and Bishops Clash 134
Sect. 3 Where Does the Movement Go From Here? 136
19 A Brief History of Resistance to Structural Adjustment 139
20 The Vision Thing: Are the Protests Unfocused or Are the Critics Missing the Point? 145
21 Baby Steps to a Global Revolution?: An Interview with Juliette Beck 156
22 Defunding the Fund, Running on the Bank 163
23 Structural Adjustment Is Hitting the U.S. Too 177
24 Demands for Transforming the World Bank and the IMF 182
25 Boycotting World Bank Bonds 185
26 An Alternative to the Debt Crisis? 190
27 Twelve Ways to Democratize the U.S. Political System 193
Conclusion 198
Resources 205
Contributing Authors 210
Index 213
About Global Exchange 222
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