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10 Reasons to Abolish the IMF and the World Bankby Kevin Danaher
Synopses & Reviews
A veritable Globalization for Dummies, 10 Reasons to Abolish the IMF & World Banklays bare the most common myths of globalization in a clear and understandable way. Looking with hope to grassrootsmovement-building on a global scale, Danaher presents ten arguments for abolishing the IMF and World Bank and replacing them with democratic institutions that would make the global economy more accountable to an informedand active citizenry.
Conceived as an effort to educate the public about how international institutions of free trade are widening the gap between the rich and poor globally, Danaher reveals how the lendingpolicies of the IMF and the World Bank fail to benefit Third World peoples, and instead line the pockets of undemocratic rulers and western corporations while threatening local democracies and forcing cuts to socialprograms.
Through anecdotes, analysis, and innovative ideas, Danaher argues that the IMF and the World Bank undermine our most basic democratic values, and calls for reframing the terms on which internationaleconomic institutions are operated using the principles of environmental sustainability, social justice, and human rights.
About the Author
Global Exchange Co-Founder Kevin Danaher has been called the "Paul Revere of globalization's woes." Dr. Danaher's articles have appeared in The Los Angeles Times, The San Francisco Chronicle, The International Herald Tribune and a variety of magazines. He is the author of 50 Years Is Enough: The Case Against the World Bank and the International Monetary Fund.
Table of Contents
Markets create inequality — Growth : the ideology of the cancer cell — Markets vs. democracy — Redefining corruption — Why no success story? — Giving hypocrisy a bad name — The Market vs. nature — Downsizing the American dream — Spirituality vs. Mammon — People's globalization to the rescue.
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