Global Poverty
Michel Chossudovsky
Third World Network
ISBN:983-9747-23-1, 280 pages, 21 x14 cm,
Third World: US$10.00
Others: US$15.00

Since the debt crisis, the economic reforms imposed by the IMF and the World Bank on developing countries have led to the impoverishment of hundreds of millions of people. This timely and controversial book analyses the new financial order and carefully documents the role of the Bretton Woods institutions.

The study illustrates how the economies of sovereign countries are restructured and brought under the custody of external creditors. Applied simultaneously in more than 100 countries, these reforms are conducive to the development of a global cheap labour economy which feeds on human poverty and the destruction of the natural environment.

The author's research on the globalization of poverty is supported by extensive case study material covering the experiences of South and Southeast Asia, Sub-Saharan Africa, Latin America and the former Soviet Union.

CONTENTS

The globalization of poverty
Policing countries through loan conditionalities
The global cheap labour economy.

Somalia: the real causes of war
Economic genocide in Rwanda.

India: the IMF's indirect rule
Bangladesh: under the custody of the "Aid" Consortium
The postwar destruction of Vietnam

Debt and democracy in Brazil
IMF shock treatment in Peru
Debt and the illegal drug economy, the case of Bolivia.

The "thirdworldisation" of the Russian Federation.