A01=Eric Toussaint
Argentina
Author_Eric Toussaint
Belgium
Bilateral aid
Bolivia
Brazil
Bretton Woods
capital movements
Category=KCL
Category=KFFK
China
colonial powers
Debt cancellation
Decolonization
Ecuador
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
France
Global markets
Guatemala
human rights abuses
IDA
India
International Finance Corporation
Iraq
Marshall Plan
overseas investment
Structural Adjustment
Structural Adjustment Loans
underdevelopment of the global south
Venezuela
WTO
Product details
- ISBN 9780745327136
- Weight: 412g
- Dimensions: 135 x 215mm
- Publication Date: 20 Dec 2007
- Publisher: Pluto Press
- Publication City/Country: GB
- Product Form: Paperback
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The World Bank is a controversial organisation. It is widely viewed with suspicion, as the international economic arm of the US, in thrall to the President who is responsible for appointing the head of the Bank.
Eric Toussaint gives a highly readable account of just why the World Bank has become so powerful. In short, clear chapters he shows how the bank operates, who funds it, and what it sets out to promote.
The Bank's main purpose is to grant loans to all the newly independent states of the developing world, to help them on their journey to recovery after colonial occupation. In reality, the conditions imposed on these states - including enforced privatisation of all public services, and enforced neo-liberal rules on trade - mean that the Bank has become the new colonial authority in everything but name.
Eric Toussaint gives a highly readable account of just why the World Bank has become so powerful. In short, clear chapters he shows how the bank operates, who funds it, and what it sets out to promote.
The Bank's main purpose is to grant loans to all the newly independent states of the developing world, to help them on their journey to recovery after colonial occupation. In reality, the conditions imposed on these states - including enforced privatisation of all public services, and enforced neo-liberal rules on trade - mean that the Bank has become the new colonial authority in everything but name.
Éric Toussaint is a historian and political scientist with a PhD from the Universities of Paris VIII and Liège. He is spokesperson for the CADTM (Committee for the Abolition of Illegitimate Debt) of which he is one of the founding members. He took part in the process that launched the World Social Forum in 2001. He is the author of numerous books, including The Debt System; Bankocracy, and Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers.
