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- Product code: 143833
- ISBN: 1842774263,
ISBN13: 9781842774267,
256 pages, hardback
Published by Zed Books Ltd on 2004
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Description of Who Owes Who? |
Using 50 questions and answers, this book explains in a simple but precise manner how and why the debt impasse for developing countries has been arrived at. Illustrated with figures, maps and tables, it details the roles of the various actors involved, the mesh in which indebted countries are caught, the possible scenarios for getting out of the impasse and the various alternatives to future indebtedness. It also sets out the various arguments - moral, political, economic, legal and environmental - on which the case for a wholesale cancellation of developing countries' external debt rests. It replies to the range of possible objections and proposes new ways of financing development at both local and international level.
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Reviews''As this fine study demonstrates, lucidly and persuasively, the debt that is strangling much of the world is largely a ''scam''. In significant measure, it is an ideological fiction, devised in the service of wealth and power, with no legitimacy or moral force. With skill and precision, the authors unravel the layers of deceit and distortion that conceal the ugly reality, and provide an important tool for liberating the great mass of suffering people who are caught in these shackles. It is a very important achievement.' - Noam Chomsky';
| About Damian Millet and Eric Toussaint |
Damien Millet is a mathematics teacher and secretary general of The Committee for the Cancellation of Third World Debt (CADTM). Eric Toussaint is a historian and political scientist, and president of CADTM. He is the author of several recent books in French on debt, development and globalization. Who Owes Who? is translated by Vicki Briault Manus.
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