TY  - BOOK
AU  - Payer,Cheryl
TI  - The debt trap: the IMF and the Third World 
SN  - 0140218440 :
AV  - HG3881 .P36 1974
U1  - 332.152 
PY  - 1974///
CY  - Harmondsworth
PB  - Penguin
KW  - International finance
KW  - Finance
KW  - International Monetary Fund
KW  - Economic assistance
KW  - Developing countries
N1  - Includes bibliographical references and index
N2  - There is no doubt that the World Bank and the International Monetary Fund, in close cooperation with the United States, represent the central agencies of power in the global political economy. This book proceeds from an examination of the foreign exchange crisis in which many Third World countries find themselves when they try to develop under capitalist auspices. It also examines the causes of such crises and the various strategies that can be followed to overcome them. Some
of these strategies will lead to greater self-reliance and autonomy by the countries concerned, and also to more egalitarian domestic economies. Others will lead to greater dependence, force the Third World countries deeper in
debt, and increase domestic inequalities. It further point out that in many cases this leads to such social tensions that military coups result, and repressive regimes are installed
ER  -