10 Reasons to Abolish the IMF & World BankSeven Stories Press, 2004 M07 6 - 135 pages A veritable "Globalization for Dummies," 10 Reasons to Abolish the IMF & World Bank lays bare the most common myths of globalization in a clear and understandable way. Looking with hope to grassroots movement-building on a global scale, Danaher presents ten arguments for abolishing the IMF and World Bank and replacing them with democratic institutions that would make the global economy more accountable to an informed and active citizenry. Conceived as an effort to educate the public about how international institutions of "free trade" are widening the gap between the rich and poor globally, Danaher reveals how the lending policies of the IMF and the World Bank fail to benefit Third World peoples, and instead line the pockets of undemocratic rulers and western corporations while threatening local democracies and forcing cuts to social programs. Through anecdotes, analysis, and innovative ideas, Danaher argues that the IMF and the World Bank undermine our most basic democratic values, and calls for reframing the terms on which international economic institutions are operated using the principles of environmental sustainability, social justice, and human rights. |
Contents
Acknowledgments | 7 |
Introduction | 22 |
Markets Create Inequality | 36 |
Copyright | |
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abolished agenda alliance American Bank and IMF billion Cancún challenge citizens create crisis currency debt democracy democratic global dollars dominate economic policies environment environmental destruction forced foreign Free Trade free-market policies glob Global Capitalism global economy Global Exchange global government global institutions global justice movement global market global south GRAPH grassroots groups growing growth huge human rights industrial countries interest International Monetary Fund Kevin Danaher Korean large corporations loans majority market economy massive ment mobilize money values multilateral NAFTA natural Network people's globalization percent planet political poor countries poverty profits programs promoted protesters Rainforest Action Network rates replace rule-making rules sector solidarity South Korea structure tariffs taxes Third World countries Third World elites Third World governments tions TransFair USA transnational capital transnational corporations U.S. corporations U.S. economy U.S. government United Washington wealth World Bank World Trade Organization