Widely viewed with suspicion as the international economic arm of the U.S. government, the World Bank has become overwhelmingly powerful. Eric Toussaint gives a highly readable account of how this happened. In concise chapters he shows how the bank operates, who funds it, and what it sets out to promote. The World Bank’s avowed purpose is to grant loans to the independent states of the developing world, to help them on their journey to recovery after colonial occupation. In reality, the conditions imposed on these statesincluding enforced privatization of all public services, and enforced neo-liberal rules on trademean that the Bank has become the new colonial authority in everything but name.
This ambitious and critical study is a perfect book for anyone looking for a comprehensive history of the Bank and its role in world affairs.
Studies the evolution of the debt of Southern countries with painstaking precision and patience.
– Jean Ziegler, United Nations Special Rapporteur on the Right to Food
Eric Toussaint has once again provided absolutely critical information. Anyone concerned with how excessive Northern wealth flows from sustained Southern poverty needs this analysis.
– Patrick Bond, Director, University of KwaZulu-Natal Centre for Civil Society, Durban, South Africa
|About this Book|
|Chapter 1||The Creation of the Bretton Woods Institutions|
|Chapter 2||The First Years of the World Bank (1946-1962)|
|Chapter 3||Difficult Beginnings Between the UN and the World Bank|
|Chapter 4||The post-World War II Context - the Marshall Plan and US Bilateral Aid|
|Chapter 5||A Bank Under the Influence|
|Chapter 6||World Bank and IMF Support of Dictatorships|
|Chapter 7||World Bank and IMF Support of Dictatorships|
|Chapter 8||World Bank and IMF Support of Dictatorships|
|Chapter 9||The Bank in Indonesia: A Textbook Case of Intervention|
|Chapter 10||The World Bank's Theories on Development|
|Chapter 11||South Korea: the Miracle Unmasked|
|Chapter 12||The Debt Trap|
|Chapter 13||The World Bank Saw the Debt Crisis Looming|
|Chapter 14||The Mexican Debt Crisis and the World Bank|
|Chapter 15||The World Bank and the IMF: The Creditors’ Bailiffs|
|Chapter 16||Presidents Barber Conable and Lewis Preston (1986-1995)|
|Chapter 17||James Wolfensohn Switches on the Charm (1995-2005)|
|Chapter 18||James Wolfensohn Switches on the Charm (1995-2005)|
|Chapter 19||The World Bank's Accounts|
|Chapter 20||Paul Wolfowitz, 10th World Bank President|
|Chapter 21||Paul Wolfowitz, 10th World Bank President|
|Chapter 22||Paul Wolfowitz, 10th World Bank President|
|Chapter 23||Time to Put an End to World Bank Impunity|
|Chapter 24||An Indictment of the World Bank|
|Appendix||The World Bank Group Fact Sheet|