Synopses & Reviews
Noreena Hertz, one of the world's leading experts on economic globalization, looks at the history of third-world debt and its crippling effects on people in developing countries.
Drawing from her impressive debt-relief campaign, fact-finding travels, and meetings with top-ranking officials, Hertz offers a probing analysis of the origins of this rampant burden and its evolution through the decades. With clear principles of justice, she uncovers the imbalance of power and misuse of corrupt dictators and reckless lenders.
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“[Hertz] navigates this terrain with precision and clarity...her blueprint for development (is) the reason to buy this book.” Publishers Weekly
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“The Silent Takeover raises issues that business and politicans would be unwise to ignore.” Financial Times
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“A call for a more humane, civilised and honest approach to globalisation.” Big Issue
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“[Hertzs] eloquent call to action deserves the attention of every concerned citizen of our troubled world.” Publishers Weekly
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“Noreena Hertz is one of the worlds leading young thinkers.” Observer
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“Fast becoming the central text of the antiglobalization movement.” Christian Science Monitor
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“(An important) engaging new book.” Time magazine
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“A thundering polemic...introduces new urgency into the argument for debt-forgiveness.” The Observer
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“(A) timely analysis of the failure to deal with the debt crisis and its devastating repercussions.” The Observer
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“Simple, straight forward and imperative.” The Sunday Herald
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“A trenchant study...a problem that is perceived as vast and intractable is broken down into practical, actionable units.” London Times
Synopsis
With grand announcements, recycled promises, and much hype about debt relief by the leaders of the world's rich creditor countries, the International Monetary Fund (IMF), and the World Bank since 1999, many of us can be forgiven for believing that the debt crisis of the world's poor countries is over. Far from it.
About the Author
Noreena Hertz is the Associate Director for the Centre for International Business at the University of Cambridge. Recognized as one of the world's leading experts on economic globalization, her work has been published in the Washington Post, the New Statesman, The Observer, and the Guardian.