The IMF and the Debt Crisis
The Third World's Dilemma

Korner, Peter; Maass. Gero; Siebold, Thomas; Tetzlaff, Rainer
Publisher:  Zed
Pages:  272pp   ISBN:  0-86232-488-2
Resource Type:  Book
Cx Number:  CX19362

A well-documented, up-to-date and readable account of the Third World's debt crisis, the IMF's new role in prescribing domestic economic policies on a more or less permanent basis, and the destruction of long-term development prospects this entails. The authors argue that the only feasible alternative comprises conditional loans geared to reducing the historical structural defects of LDC economics, and administered by a democratized international monetary system.

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