Fifty Years is Enough: The Case Against the World Bank and the International Monetary Fund / Edition 1

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As the World Bank and the International Monetary Fund (IMF) celebrate fifty years of economic dominion over the Third World, this reader brings the best progressive authors together to critique these two main proponents of neo-liberalism. 50 Years is Enough covers such topics as failed development projects, the feminization of poverty, the detruction of the environment, the internal workings of the World Bank and the IMF, and the struggle to build alternatives to neo-liberal policies.It also includes a guide to the many organizations involved in the struggle to reform the World Bank and the IMF.
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Product Details

  • ISBN-13: 9780896084957
  • Publisher: South End Press
  • Publication date: 7/1/1999
  • Series: Project of Global Exchange Series
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 207
  • Product dimensions: 5.30 (w) x 8.30 (h) x 0.50 (d)

Table of Contents

Preface: Redefining Development
Introduction 1
1 World Bank/IMF: 50 Years Is Enough 6
2 Global Economic Counterrevolution: How Northern Economic Warfare Devastates the South 14
3 IMF/World Bank Wreak Havoc on Third World 20
4 The Free Trade Connection 24
5 The Debt Boomerang 29
6 The Doctrine of Odious Debts 35
7 Whatever Happened to Third World Debt? 39
8 Brazil: Drowning in Debt 44
9 World Bank and IMF Adjustment Lending in Chile 51
10 Structural Adjustment and Costa Rican Agriculture 56
11 World Bank and IMF Adjustment Lending in the Philippines 62
12 Jamaica: The Showpiece That Didn't Stand Up 68
13 Ghana: The World Bank's Sham Showcase 78
14 Mozambique: In the Coils of Structural Adjustment 83
15 Food for Thought: Senegal's Struggle with Structural Adjustment 85
16 From Apartheid to Neoliberalism in South Africa 88
17 Zimbabwe: SAP Means "Suffering for African People" 92
18 Stealing from the State (Mexico, Hungary & Kenya) 95
19 International Institutions Practicing Environmental Double Standards 102
20 World Bank Takes Control of UNCED's Environment Fund 107
21 The World Bank and Tribal Peoples 112
22 Fury Over a River 117
23 The World Bank and the Feminization of Poverty 121
24 Women, Structural Adjustment and Empowerment 124
25 Battling the World Bank 128
26 Internal Report Card Looks Bad for Structural Adjustments 135
27 World Bank Failures Soar to 37.5% of Completed Projects in 1991 137
28 The World Bank After the Wapenhans Report - What Now? 139
29 The World Bank's New Rules (Same as the Old Rules) 146
30 World Bunk 148
31 Banking on Poverty: An Insider's Look at the World Bank 152
32 Fighting Poverty at the World Bank 161
33 International Tribunal Judges the G-7 165
34 African Alternative Framework to Structural Adjustment 169
35 Reforming the Global Environment Facility 179
36 Little World Banks 183
Conclusion: What to Do? 186
Suggested Reading 188
Resource Groups 190
Contributors 192
Index 195
About Global Exchange 208
About South End Press 210
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