Your Money or Your Life! : Tyranny of Global Finance
This volume provides a thorough understanding of the Third World debt crisis. Eric Toussaint traces its development in the 1980s and 1990s, analyzes the role of the World Bank, the IMF and the political restrictions they impose, and assesses the structural adjustment programmes of the 1990s. Toussaint puts into perspective the process of globalization and the neo-liberal offensive, which he argues, is now running out of steam. The book features case studies of differing experiences of debt in Argentina, Mexico, Algeria and Rwanda, and demonstrates the failure of the IMF/World Bank models of development in the light of the Asian crisis. It provides alternative systems to deal with Third World debt which are more humanitarian and egalitarian.
- Hardback | 333 pages
- 135 x 215 x 31.75mm | 499g
- 01 May 1999
- PLUTO PRESS
- London, United Kingdom
- chronology, glossary, bibliography, index
Table of contents
Globalization and the neo-liberal offensive; the concentration of capital; globalization and exclusion - the marginalisation of the Third World and the strengthening of the Triad; financial globalization; globalization and the growing debt burden; the debt crisis in historical perspective; the Third World debt crisis in the 1980s and 1990s; the transfer of wealth from the south to the north; the World Bank and the IMF - 50 years is enough! the World Bank and the Third World debt crisis; structural adjustment programmes; the two phases of structural adjustment programmes; the two phases of structural adjustment; neo-liberal ideology and policies in historical perspective; debt in the 1990s - Latin America and sub-Saharan Africa; case studies: Argentina - debt and military dictatorship, Mexico - foreign debt and the sociopolitical crisis, Rwanda - financing genocide.
About Eric Toussaint
Noam Chomsky is a world renowned linguist and one of America's foremost social critics. He is Institute Professor in the Department of Linguistics and Philosophy at MIT and the author of numerous books for Pluto Press.