Since the 1980s, there has been world-wide mass impoverishment resulting from deliberate policies of neoliberalism. As Eric Toussaint argues in this fully updated and expanded third edition of his classic study Your Money or Your Life! The Tyranny of Global Finance, the World Bank and the International Monetary Fund have been going through the worst legitimacy crisis in their history. Innumerable demonstrations of opposition to them have taken place, both in the countries that are subjected to their policies and in the industrialized countries of the North. Since 1999, their meetings have been dogged by powerful and radical counter-demonstrations, and the two institutions are also riven by internal crises. As Toussaint argues in this cogent and timely book, there is an urgent need to find alternatives that guarantee fundamental rights and fulfil the basic human needs of the vast majority of the world's population. To bring about these alternatives, Toussaint explains, diverse various social movements need to come together to embrace a new internationalism and plan how to throw off the shackles of corporate-driven global finance.
Table of Contents:
List of Tables and Figures
Acknowledgements
Foreword by Christian de Brie
Preface to English Edition
Introduction
1. Globalisation and the Neo-Liberal Offensive
2. The Concentration of Capital
3. Globalisation and Exclusion: the Marginalisation of the Third World and the Strengthening of the Triad
4. Financial Globalisation
5. Globalisation and the Growing Debt Burden
6. The Debt Crisis in Historical Perspective
7. The Third World Debt Crisis in the 1980s and 1990s
8. The Transfer of Wealth from the South to the North
9. The World Bank and the IMF: 50 Years is Enough!
10. The World Bank and the Third World Debt Crisis
11. Structural Adjustment Programmes
12. The Two Phases of Structural Adjustment
13. Neo-Liberal Ideology and Policies in Historical Perspectives
14. Debt in the 1990s: Latin America amd Sub-Saharan Africa
15. Case Studies
Argentina
Mexico
Rwanda
16. The Asian Crisis and its International Repercussions
17. Towards an Alternative
18. Globalising Resistance
Chronology: The World Bank, the IMF, and the Third World
Glossary
Bibliography
Index
