| Price: $ 35
This new and completely revised edition of "Super Imperialism" describes the genesis of America's political and financial domination.
Michael Hudson's in-depth and highly controversial study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception which -- he argues -- were intended to preserve the US's financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic system has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world's poorest countries have been plunged into insurmountable debt crises.
Hudson's critique of the destructive course of the international economic system provides important insights into the real motivations at the heart of these institutions - and the increasing tide of opposition that they face around the world.
Michael Hudson is an independent Wall Street financial economist. After working as balance-of-payments economist for Chase Manhattan Bank and Arthur Anderson in the 1960s, he taught finance at the New School in New York and is presently Distinguished Professor of Economics at the University of Missouri - Kansas City. He has published widely on the topic of US financial dominance, as well as "Trade, Development and Foreign Debt" (Pluto 1992) and has been an economic adviser to the Canadian, Mexican, Russian and US governments, and to the United Nations Institute for Training and Research (UNITAR).
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