| Who Owes Who?: 50 Questions about World Debt Contributor(s): Millet, Damien (Author), Toussaint, Eric (Author) |
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ISBN: 1842774271 ISBN-13: 9781842774274 Publisher: Zed Books OUR PRICE: $29.65 Product Type: Paperback - Other Formats Published: September 2004 Annotation: The huge foreign debt of developing countries has become a mechanism of domination and means of recolonization that prevents any meaningful and sustainable human development. The policies pursued by the indebted countries' governments have usually been decided by their creditors rather than by the authorities of the countries concerned. As for the initiative to lighten the debt burden, launched with much fanfare by the G7, the IMF and the World Bank under pressure from the largest ever petition in human history, it has made clear its limits. In 50 questions and answers, this book explains in a simple but precise manner how and why the debt impasse has been arrived at. Illustrated with figures, maps and tables, it details the roles of the various actors involved, the mesh in which indebted countries are caught, and the various alternatives to future indebtedness. |
| Additional Information |
| BISAC Categories: - Business & Economics | Development - Economic Development - Business & Economics | International - Economics |
| Dewey: 336.343 |
| Series: Global Issues |
| Physical Information: 0.59" H x 5.1" W x 7.78" (0.41 lbs) 185 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Using 50 questions and answers, this book explains the debt impasse for developing countries in a simple but precise manner. It details the roles of the various actors involved, the mesh in which indebted countries are caught, the possible scenarios for getting out of the impasse, and the various alternatives to future indebtedness. It also sets out the various arguments - moral, political, economic, legal and environmental - on which the case for a wholesale cancellation of developing countries' external debt rests. It replies to the range of possible objections and proposes new ways of financing development at both local and international level. |