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
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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