The Debt Boomerang: How Third World Debt Harms Us All

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Pluto Press, 1992 - Business & Economics - 202 pages
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'[It] explores the hidden link between Third World peasants and First World taxpayers.' New Scientist'A must for all those who are determined to shake the complacency of the developed world, and in so doing, find a way of resolving the problems of the debt to the benefit of all mankind.' Global Security'A watershed ... Susan George's masterpiece serves as an eye-opener.' Africa World ReviewCountless livelihoods and lives have been devastated by so-called structural adjustment imposed by the International Monetary Fund and World Bank in a misguided attempt to deal with the problem of debt in the third world. But debtor nations in the third world are not the only victims of the present crisis.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. Our taxes underwrite the irresponsible and short-sighted loan policies of the banks and sustain the downward spiral of global indebtedness.

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Contents

The Environment
1
Drugs
34
How Northern Taxpayers
63
Copyright

6 other sections not shown

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About the author (1992)

Susan Elizabeth George, 1949 - Mystery writer Susan George was born on February 26, 1949 in Warren, Ohio to Robert and Anne George. She received an A.A. from Foothill Community College in Los Altos, CA (1969), a B.A. from the University of California at Riverside (1970) and an M.S. from California State University (1979). George has taught English at several California high schools and has conducted creative writing courses at Coastline College, Irvine Valley College, and the University of California, Irvine. She was selected Teacher of the Year by the Orange County Department of Education in 1981. George finished writing her first unpublished novel when she graduated from Holy Cross High School. Her first published novel, "A Great Deliverance," won the Anthony and Agatha Awards, was nominated for an Edgar and a Macavity award, and received the French, Le Grande Prix de Litterature Policiere. "Playing for the Ashes" was George's first New York Times bestseller. "Well-Schooled in Murder" won the German MIMI, which recognizes outstanding international mystery books. "Deception on His Mind," is a main selection of the American book of the month club and the British book of the month club.

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