The Globalisation of Poverty: Impacts of IMF and World Bank Reforms

The author makes clear how the structures of the global economy have fundamentally changed since the early 1980s. He explains in detail the ways in which leading international financial institutions, notably the IMF and the World Bank, have forced Third World and, since 1989, Eastern European countries to facilitate these changes. He shows the consequences of a new financial order which feeds on human poverty and destruction of the environment, generates social apartheid, encourages racism and ethnic strife and undermines the rights of women. The result, as his detailed examples from all parts of the world show so convincingly, is a globalisation of poverty.