The Debt Boomerang

The Debt Boomerang : How Third World Debt Harms Us All

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Description

'[It] explores the hidden link between Third World peasants and First World taxpayers.' New Scientist

'A must for all those who are determined to shake the complacency of the developed world, and in so doing, find a way of resolving the problems of the debt to the benefit of all mankind.' Global Security

`A watershed ... Susan George's masterpiece serves as an eye-opener.' Africa World Review

Countless livelihoods and lives have been devastated by so-called structural adjustment imposed by the International Monetary Fund and World Bank in a misguided attempt to deal with the problem of debt in the third world. But debtor nations in the third world are not the only victims of the present crisis.

In an unsettling but lucid critique, The Debt Boomerang shows that we in the North must also pay the price of World Bank and IMF policies that have accelerated deforestation, encouraged mass migrations, fuelled an expanding drug trade and heightened global instability and conflict. Our taxes underwrite the irresponsible and short-sighted loan policies of the banks and sustain the downward spiral of global indebtedness.
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Product details

  • Paperback | 224 pages
  • 135 x 215 x 19.05mm | 226.8g
  • London, United Kingdom
  • English
  • 0745305946
  • 9780745305943

Table of contents

Introduction

The First Boomerang: The Environment

The Second Boomerang: Drugs

The Third Boomerang: How Northern Taxpayers are Bailing out the Banks

The Fourth Boomerang: Lost Jobs and markets

The Fifth Boomerang: Immigration

The Sixth Boomerang: Conflict and War

conclusion

Notes and References

Index
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About Susan George

Susan George has written widely on development issues for four decades. She is a fellow and president of the board of the Transnational Institute (TNI) and author of We the Peoples of Europe (Pluto, 2008). She contributed the foreword to The Secure and the Dispossessed (Pluto, 2015).
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Rating details

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