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IOU: The Debt Threat and Why We Must Defuse It
 

IOU: The Debt Threat and Why We Must Defuse It (EPUB ebook – ePub edition)

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 $1 the west gives to developing countries in aid, developing countries pay the west $9 in debt service. At the beginning of the new millennium we are witnessing a global debt crisis of unprecedented size. Sub-Saharan Africa owes $200 billion, Brazil $223.8 billion, Argentina $155 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 9780007396153
Published 12 Aug 2010
Publisher HarperCollins Publishers
Available in EPUB format
Software Read in Browser or Adobe Ebook Compatible Device
Language en

Full details for this title

ISBN-13 9780007396153
Stock Available
Status Wheelers ePlatform
Publisher HarperCollins Publishers
Imprint Fourth Estate
Released 12 Aug 2010
Publication Country United Kingdom United Kingdom
Format EPUB ebook – ePub edition
Edition ePub edition
Author(s) By Hertz, Noreena
Category Politics & Government
Economics, Finance, Business, Industry
International Economics
Number of Pages 304
Dimensions Not specified
Dewey Code 336.3435091724
Weight Not specified - defaults to 0g
Interest Age General Audience
Reading Age General Audience
NBS Text Current Affairs & Issues
ONIX Text General/trade

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