Wheelers Books
IOU: The Debt Threat and Why We Must Defuse It

IOU: The Debt Threat and Why We Must Defuse It (Hardback)

By Hertz, Noreena

We are bombarded with images of poverty, terrorism, war and collapsing states. Do we ever question what the root cause of these problems might be? Noreena Hertz, one of the world's leading experts on economic globalization, tackles Third World Debt as a problem which must be reso...lved if we are ever to see global stability. For every USD1 the west gives to developing countries in aid, developing countries pay the west USD9 in debt service. At the beginning of the new millennium we are witnessing a global debt crisis of unprecedented size. Sub-Saharan Africa owes USD200 billion, Brazil USD223.8 billion, Argentina USD155 billion. Why does this matter? In this shocking, ground-breaking book, Noreena Hertz shows that these numbers matter because they account for millions of people dying of AIDS; for the rainforests being cut down; for poverty, illiteracy, terrorism and war. These numbers matter because they will affect all of our lives if the balance is not redressed. IOU is a story of avarice but also of vulnerability; of power asymmetries and misuse of power; of corrupt dictators and careless lenders; of Cold War interests and Wall Street pressure; of third world governments who get given it, and third world people who have no access to it. Noreena Hertz, one of the world's leading experts on economic globalisation, argues that this is not an issue of left or right: it is an issue of right versus wrong; of peace versus war. It must be addressed now.
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ISBN 9780007178988
Released NZ 6 Sep 2004
Publisher HarperCollins Publishers
Format Hardback
Alternate Format(s) View All (1 other possible title(s) available)
Out of print

Full details for this title

ISBN-13 9780007178988
Stock Out of stock
Status Out of print
Publisher HarperCollins Publishers
Imprint Fourth Estate Ltd
Released 6 Sep 2004
Publication Country United Kingdom United Kingdom
Format Hardback
 › 1 other possible formats available
Author(s) By Hertz, Noreena
Category Politics & Government
International Economics
Number of Pages 304
Dimensions Width: 159mm
Height: 240mm
Dewey Code 336.3435091724
Weight 605g
Interest Age General Audience
Reading Age General Audience
NBS Text Current Affairs & Issues
ONIX Text General/trade