A critique of why Third World poverty is so prevalent. Hunger and malnutrition stalk the countries of the South. Over the last 20 years, as the populations of these countries have increased, so too has mass poverty. In this critical study of Western aid giving, Bello offers a pursuasive argument that re-colonization of the Third World has been carried out through the agencies of the International Banks. Bello argues that "the Reagan Administration came to power with an agenda to discipline the Third World" and in pursuing this policy, the United States pushed the World Bank to shift its resources to "structural adjustment" lending. Such power, Bello asserts, was "used by the Reagan treasury Department to blast open Third World economies" and the consequence of such actions has resulted in lower barriers to reduction of social welfare spending, wage cuts and devaluation of local currencies. Recipients of any lending from the West have been forced to accept these policies, with disastrous consequences.
- ISBN10 0935028765
- ISBN13 9780935028768
- Publish Date 1 October 1999 (first published 20 January 1994)
- Publish Status Active
- Publish Country CA
- Imprint Food First Books
- Edition 2nd ed.
- Format Paperback (US Trade)
- Pages 176
- Language English