10 Reasons to Abolish the IMF & World BankSeven Stories Press, 2011 M01 4 - 136 pages A veritable "Globalization for Dummies," 10 Reasons to Abolish the IMF & World Banklays 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
Introduction | |
Markets Create Inequality | |
Markets vs Democracy | |
Why No Success Story? | |
Downsizing the American Dream | |
Peoples Globalization to the Rescue | |
Resources | |
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Common terms and phrases
abolished agenda alliance American average Bank and IMF billion Cancun challenge citizens creating crisis debt democracy democratic global dollars dominate economic policies environment environmental destruction Federal forced foreign Free Trade free-market policies Global Capitalism global economy Global Exchange global government global institutions global justice movement global south GRAPH grassroots groups growth huge human rights ideology implement policies industrial countries inequality influence interest International Monetary Fund Kevin Danaher Korea’s Korean large corporations leaders loans majority massive 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 social and environmental solidarity South Korea structural-adjustment structure subordinate tariffs taxes Third World countries Third World elites Third World governments TransFair USA transnational capital transnational corporations United Washington wealth World Bank World Trade Organization