Unholy Trinity: The IMF, World Bank and WTO, Second Edition / Edition 2

Unholy Trinity: The IMF, World Bank and WTO, Second Edition / Edition 2

by Richard Peet
     
 

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ISBN-10: 1848132522

ISBN-13: 9781848132528

Pub. Date: 07/07/2009

Publisher: Zed Books

Who really runs the global economy? Who benefits most from it? 

The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively

Overview

Who really runs the global economy? Who benefits most from it? 

The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively promote a particular kind of neoliberal capitalism. Under the 'Washington Consensus' they proposed, poverty was to be ended by increasing inequality. 

This new edition of Unholy Trinity, completely updated and revised, argues that neoliberal global capitalism has now entered a period of crisis so severe that governance will become impossible. Huge incomes for a small number of super-rich people produced an unstable global economy, rife with speculation and structurally prone to crises. The IMF is in disgrace, the WTO can hardly meet anymore and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity? 

Product Details

ISBN-13:
9781848132528
Publisher:
Zed Books
Publication date:
07/07/2009
Edition description:
Second Edition
Pages:
304
Sales rank:
690,323
Product dimensions:
5.40(w) x 8.40(h) x 0.70(d)

Table of Contents

Preface
Abbreviations and Acknowledgments
1. Globalism and Neoliberalism
2. Bretton Woods: Emergence of a Global Economic Regime
3. The International Monetary Fund
4. The World Bank
5. The World Trade Organization
6. Global Financial Capitalism and the Crisis of Governance
Bibliography
Index

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