This book puts into perspective globalisation, the neo-liberal offensive and the crisis of the Third World debt.

Your Money or Your Life!: The Tyranny of Global Finance

Business & Money

Toussaint, Éric

Economics

Pluto Press

Chomsky offers a devastating critique of conventional definitions of the 'new world order'. Includes a new chapter on the Middle East peace process.

The World Bank is a controversial organisation. It is widely viewed with suspicion, as the international economic arm of the US, in thrall to the President who is responsible for appointing the head of the Bank. Eric Toussaint gives a highly readable account of just why the World Bank has become so powerful. In short, clear chapters he shows how the bank operates, who funds it, and what it sets out to promote. The Bank's main purpose is to grant loans to all the newly independent states of the developing world, to help them on their journey to recovery after colonial occupation. In reality, the conditions imposed on these states -- including enforced privatisation of all public services, and enforced neo-liberal rules on trade -- mean that the Bank has become the new colonial authority in everything but name. This is a perfect book for anyone looking for a critical introduction to the history of the Bank and its role in world affairs.

The World Bank: A Critical Primer

The World Bank is a controversial organisation. It is widely viewed with suspicion, as the international economic arm of the US, in thrall to the President who is responsible for appointing the head of the Bank.Eric Toussaint gives a highly readable account of just why the World Bank has become so powerful. In short, clear chapters he shows how the bank operates, who funds it, and what it sets out to promote. The Bank's main purpose is to grant loans to all the newly independent states of the developing world, to help them on their journey to recovery after colonial occupation. In reality, the conditions imposed on these states -- including enforced privatisation of all public services, and enforced neo-liberal rules on trade -- mean that the Bank has become the new colonial authority in everything but name.This is a perfect book for anyone looking for a critical introduction to the history of the Bank and its role in world affairs.

‘Superior … A broad-ranging guide that explains the global power structure over the last eight decades’ Carlos Marichal, El Colegio de México 
‘Covering the history of the Bank from its early days as a prop to European colonialism through the Rwandan genocide, the Washington Consensus and the Iraq war, Toussaint argues that the Bank is incorrigible and should be abolished. Read and judge for yourselves’ James K. Galbraith, author, Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe 
‘Invites fresh thinking on the need to streamline human rights considerations into lending. Recommended reading’ Andrés Solimano, founder, International Center for Globalization and Development 
In 1944, the Bretton Woods Conference ushered in a new international economic order. The World Bank emerged as one of the most powerful financial institutions in the world, and a new colonial authority in all but name. But how does it operate, who funds it, and what agenda does it work to promote? 
In The World Bank: A Critical History, Éric Toussaint answers all of these questions and more. Offering up a highly readable yet uniquely authoritative account, the book analyses the Bank from its beginnings to the present day. Chapters on gender, climate and the pandemic era provide the reader with a truly contemporary, definitive text. 
Seven international case studies illustrate the impact of World Bank policy, and Toussaint also explores the political, economic and strategic motives of the US government with regard to the World Bank. The book concludes with a proposal for replacing the World Bank, IMF and WTO with new, multilateral and democratic institutions. 
Éric Toussaint is a historian and political scientist. He is spokesperson for the Committee for the Abolition of Illegitimate Debt, of which he is one of the founding members. He is the author or co-author of numerous books including Bankocracy, The Life and Crimes of an Exemplary Man, and Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers. His books have been translated into more than a dozen languages.

The World Bank: A Critical History

Pluto

Governments of the most industrialised countries have dramatically increased their public debt to bail out the private banks after the most disastrous economic and financial meltdown in capitalist history since the 1930s. Paying debts and reducing fiscal deficits have become the perfect pretexts to enforce austerity measures everywhere. The Troika (European Commission, ECB and IMF) and all EU governments have launched an unprecedented attack on people's social and economic rights. This book will enable the reader to understand how the crisis developed: the consequences of deregulating the banking system, the logic underpinning private banks' responses, and the crimes they perpetrate on a daily basis with the collusion of governments and central banks. It argues for socialisation, rather than 'nationalisation', of the banking sector so that it becomes a proper public service under citizen control and monitoring. It argues for the cancellation of illegitimate public debt that largely results from bank bail-outs. It uses simple straightforward language to make it possible for anyone to understand the current crisis and see coherent alternatives to the current policies.

Bankocracy

IMG Publications

Mainstream economists tell us that developing countries will replicate the economic achievements of the rich countries if they implement the correct “free-market”policies. But scholars and activists Toussaint and Millet demonstrate that this is patently false. Drawing on a wealth of detailed evidence, they explain how developed economies have systematically and deliberately exploited the less-developed economies by forcing them into unequal trade and political relationships. Integral to this arrangement are the international economic institutions ostensibly created to safeguard the stability of the global economy—the International Monetary Fund (IMF) and the World Bank—and the imposition of massive foreign debt on poor countries. The authors explain in simple language, and ample use of graphics, the multiple contours of this exploitative system, its history, and how it continues to function in the present day.
Ultimately, Toussaint and Millet advocate cancellation of all foreign debt for developing countries and provide arguments from a number of perspectives—legal, economic, moral. Presented in an accessible and easily-referenced question and answer format, Debt, the IMF, and the World Bank is an essential tool for the global justice movement.

Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers

Millet, Damien

Monthly Review+press

As the financial crisis continues to shake the economy it has begun to expose cracks in the ideology long used to justify neoliberal policies. This informed and accessible primer drives a wedge into these cracks, allowing the non-expert to understand the flaws in the economic philosophy of the 1%.

A Glance in the Rear View Mirror: Neoliberal Ideology From its Origins to the Present

Reference

Haymarket Books

See the best price to sell, buy, or rent books by Toussaint, Éric. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Toussaint, Éric

See the best price to sell, buy, or rent books by Toussaint, Éric. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Your Money or Your Life!: The Tyranny of Global Finance

Your Money or Your Life!: The Tyranny of Global Finance

The World Bank: A Critical Primer

The World Bank: A Critical Primer

The World Bank: A Critical History

The World Bank: A Critical Primer

Bankocracy

Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers

Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers

A Glance in the Rear View Mirror: Neoliberal Ideology From its Origins to the Present