The debt boomerang: how Third World debt harms us all
In an unsettling but lucid critique, The Debt Boomerang shows that we in the North must also pay the price of World Bank and IMF policies that have accelerated deforestation, encouraged mass migrations, fuelled an expanding drug trade and heightened global instability and conflict.
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Africa American annual Argentina bankers billion Bolivia Boomerang Brazil capital capital flight cent chapter citizens coca cocaine Colombia commercial banks Committee conflict Cote d'lvoire creditor countries Debt Boomerang debt burden debt crisis debt service ratio debtor countries decade deforestation developing countries dollars earnings ecological economic Economist environmental estimates Europe European exports exposure figures foreign Fund greenhouse effect Greenpeace guerrillas hectares illegal immigrants increase indebted Institute International Iraq Kuwait Latin America levels loans loss major maquiladora Mexico migration military Myanmar Myers North Northern numbers OECD official Organisation Peru Peru's Peruvian Philippines plant policies political population privatisation problems production programmes provisions rates reduced refugees revenues service payments social sources South structural adjustment Susan George Table tax credits tax relief taxpayers third world debt trade tropical forests United violence wars Washington DC workers World Bank