Dark Victory

Dark Victory : The United States and Global Poverty

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Hunger and malnutrition stalk the countries of the South. Over the last twenty years, as the populations of these countries have increased, so too has mass poverty on a grotesque scale. In this fiercely critical study of Western aid giving, Walden Bello offers a persuasive argument that recolonisation of the Third World has been carried out through the agencies of the International Banks.

Bello argues that neoliberalism or doctrinal free-market ideology came to power in the United States with an agenda to `discipline the Third World' and the consequences of such a policy has resulted in lower barriers to imports, the removal of restrictions on foreign investments, privatisation of state owned activities, a reduction in social welfare spending, wage cuts and devaluation of local currencies.

Recipients of `structural adjustment' loans from the West, have been forced to accept these polices, with disastrous consequences. Hailed as a classic study of global poverty, Dark Victory is now reissued with a substantial new epilogue by the author.
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Product details

  • Paperback | 172 pages
  • 136 x 214 x 14mm | 240.4g
  • London, United Kingdom
  • English
  • New edition
  • New edition
  • 0745314619
  • 9780745314617

Table of contents


New Introduction

1. The Great reversal

2. Challenge from the South

3. Liberalism and Containment

4. Reaganism and Rollback

5. Adjustment: The record

6. Adjustment: The Costs

7. Adjustment: The Outcome

8. Disciplining the NICs

9. Adjusting America

10. Dark Victory

11. The Battle for the 21st Century

12. Epilogue: Asian Economic Implosion

Notes and References



Selected Readings

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Review quote

'A book that progressive political leaders the world over should read and take to heart' -- David C. Korten 'Bello et al build their case with relentless scholarship. Even those who think they know the structural adjustment scenario inside out will be grateful to Bello for taking on the toughest cases for examination' -- Susan George
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About Walden Bello

Walden Bello is an author, academic and political analyst. He is a professor of sociology and public administration at the University of the Philippines. He is the co-author of Dark Victory: The United States, Structural Adjustment and Global Poverty (Pluto, 1998).
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Rating details

16 ratings
4 out of 5 stars
5 38% (6)
4 31% (5)
3 25% (4)
2 6% (1)
1 0% (0)
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