How the IMF and World Bank Sell Exploitation as Development
by Alex Gladstein
Foreword by Jeff Booth
The IMF and World Bank were created to help countries survive financial crises and to help them develop into prosperous economic actors. But their 75-year track record shows the opposite: their loans and structural adjustment policies have plunged poor countries into impossibly large debt traps and forced the Third World to focus on producing goods for consumption in the West, instead of growing consumption and industry at home. The Bank and the Fund’s “development and assistance” has been anything but. The reality is a history of neocolonial exploitation with shocking results.
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- 160 pages
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As a longtime activist and worker in global development, I appreciate Gladstein's illuminative perspective about the field. It illustrates the corruption which I sensed was there but could not articulate. Highly recommended for anyone who cares about global equity and how to recognize systemic institutional barriers standing in the way of real progress. Even further, a solution is proposed which signifies the next great leap for civilization. Thank you Alex and can't wait for more.