Unholy Trinity: The IMF, World Bank and WTOBloomsbury Publishing, 15. okt. 2009 - 298 sider Who really runs the global economy? Who benefits most from it? The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively promote a particular kind of neoliberal capitalism. Under the 'Washington Consensus' they proposed, poverty was to be ended by increasing inequality. This new edition of Unholy Trinity, completely updated and revised, argues that neoliberal global capitalism has now entered a period of crisis so severe that governance will become impossible. Huge incomes for a small number of super-rich people produced an unstable global economy, rife with speculation and structurally prone to crises. The IMF is in disgrace, the WTO can hardly meet anymore and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity? |
Indhold
| 1 | |
emergence of a global economic regime | 36 |
3 The International Monetary Fund | 66 |
4 The World Bank | 127 |
5 The World Trade Organization | 178 |
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agreed agreement American balance Bank’s billion Bretton Woods called capital commitments competition concerned conference corporations crisis critical currency dealing debt developing countries direct discourse discussed dominant economic economic growth effects environment environmental especially established exchange export foreign Fund further GATT global governments groups growth ideas important income increased industrial institutions interest investment issues Keynesian labor leading lending levels liberalization loans managing means measures meeting member countries movements negotiations neoliberal official organization payments percent plans political poor position poverty president problems production programs proposed protests rates reduce reform regime regulation relations representatives result role Round says social society stability standards structural adjustment subsidies Third World tion trade Treasury World Bank World countries