ePub I.O.U: The Debt Threat and Why We Must Defuse It download

by Noreena Hertz

Author:

Noreena Hertz

ISBN13:

978-0007178995

ISBN:

0007178999

Language:

English

Publisher:

Harpercollins Pub Ltd (April 30, 2005)

Category:

Business

Subcategory:

Economics

ePub file:

1879 kb

Fb2 file:

1415 kb

Other formats:

lit mobi doc docx

Rating:

4.6

Votes:

256

Noreena Hertz Economics English

Download ePub Download Fb2

More..

To understand that, we must understand the state of the debt cancellation movement in 1999, the year Bono and Gelb met. In Europe, it enjoyed a very high profile.

The Debt Threat and Why We Must Defuse It. To Jonathan, Arabel and David. The question reverberated through Leslie Gelb’s book-filled office in the beaux-arts brownstone that houses the Council on Foreign Relations. The exasperated tone came from a man accustomed to addressing stadiums filled with fans hanging on his every word and syllable but it was far from an arrogant question. To understand that, we must understand the state of the debt cancellation movement in 1999, the year Bono and Gelb met.

IOU - Noreena Hertz .

But this still doesn’t explain why a rock star turned political lobbyist? Bono could’ve kept his politicking confined to music biz events, and still played a part. In Europe, it enjoyed a very high profile

Noreena Hertz was recently voted one of the 'Best Young British' in the New Statesman. We are left in no doubt that we carry a significant responsibility for this situation. This is why we should lobby our leaders to write of these debts. It is easy to say that fault lies on both sides

Noreena Hertz was recently voted one of the 'Best Young British' in the New Statesman. She is currently Associate Director at the Centre for International Business and Management at Cambridge University. With the critically acclaimed publication of THE SILENT TAKEOVER, she has become recognised as a leading expert on economic globalization. It is easy to say that fault lies on both sides. That may be so but if poor children have to pay then we who are in a position to do something should do all that we can.

Noreena Hertz, one of the world's leading experts on economic globalization, looks at the history of third-world debt and its crippling effects on people in developing countries. Drawing from her impressive debt-relief campaign, fact-finding travels, and meetings with top-ranking officials, Hertz offers a probing analysis of the origins of this rampant burden and its evolution through the decades. With clear principles of justice, she uncovers the imbalance of power and misuse of corrupt dictators and reckless lenders. Nonfiction Business Economics

With that threat looming Washington launched a dual strategy to provide ‘friendly’ African regimes with weapons and also to channel funds to them through their own development agency, US-AID, along with the World Bank and other international financial institutions. As one National Security Council memorandum recommended in 1965: ‘US-AID should be used as a political weapon with the major assistance going to African friends of the U.

That year IOU: The Debt Threat was published. Hertz's books have been published worldwide. Since the publication of 'The Silent Takeover' in 2002, she has regularly appeared on television and radio programmes to discuss economics, politics, and globalisation. A popular treatise on the dangers of irrational lending, it was publicly endorsed by Archbishop Desmond Tutu, Bob Geldof and Bono. During 2005, Hertz also served a 6 month professorship at the University of Utrecht in the Netherlands. Books by Noreena Hertz. Mor. rivia About Iou.

Noreena Hertz - Professor Noreena Hertz (born 24 September 1967, London) is an English economist, author and campaigner. Обратная связь: Техподдержка, Реклама на сайте. Экспорт словарей на сайты, сделанные на PHP

IOU: The Debt Threat and Why We Must Defuse It comprised a study of debt in developing countries and provided Hertz's blueprint for development

IOU: The Debt Threat and Why We Must Defuse It comprised a study of debt in developing countries and provided Hertz's blueprint for development.

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 situation that must be resolved 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 influence; 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.

Valawye

the notes were in the front and also in the back. the bood wasnt put together properly and it makes it very confusing.

Rainpick

Debt cancellation for developing countries is a subject that has attracted much attention and little real action, despite in 2005 G8 countries and few other countries have taken some clear-cut commitment. This readable book provides:

a) a quick description as to how developing countries got trapped into unsustainable debt levels. But among developing countries it fails to distinguish between middle-income emerging market economies and low-income economies. Therefore, the author jumps to the conclusion that Argentina (or Turkey) and Somalia (or Botswana) should be treated the same.

b) a simple theory, which suggests that developed countries often offered loans to corrupt governments (or full-fledged dictatorship) of developing countries and therefore, the peoples of those countries cannot bear the burden of servicing that debt, for which they did not benefit at all. Thus understood the problem, the full debt cancellation is a moral (and maybe legal) obligation. The author does not develop further that theory, but in practice she says that those countries that have violated human rights, or more specifically, at the time of borrowing were violating civil and political liberties, and/or economic, social and cultural rights should be provided full debt cancellation. Who and how the violation would be assessed is not clear, but this idea merits to be developed further and into operational detail.

I would recommend it for the general reader and those interested in development issues.

Mora

The relief of debt for poorer countries is an issue which many support but few really understand. Noreena Hertz is someone who knows what she is talking about. She formerly worked at the World Bank and in now Professor of Economics at Cambridge. She is also a tireless campaigner for debt relief.

What I most appreciated was her ability to explain the economics in a way that was both understandable and convincing. She tells us how the debts came about - often during the cold war in an attempt by the West to gain and maintain areas of influence in the developing world. She also reminds us that many of these loans went to corrupt leaders of countries whose citizens now have to pay the price. As a result basic human needs - food, housing, and healthcare are sacrificed to service the debt payments.

We are left in no doubt that we carry a significant responsibility for this situation. This is why we should lobby our leaders to write of these debts. It is easy to say that fault lies on both sides. That may be so but if poor children have to pay then we who are in a position to do something should do all that we can.

She writes all of this in a very readable style. This book did far more than big events such as Live 8 to convince me of the need to do something. I would urge all readers to get hold of a copy and read it!

eBooks related to I.O.U: The Debt Threat and Why We Must Defuse It