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By Michael Rowbotham
JON CARPENTER PUBLISHING 2000 [pound]11.00
In Goodbye America! Michael Rowbotham argues that Third World debt is inherently unrepayable and lacking in economic and moral validity. The 'debtor' nations, he says, should be released from this unjust burden immediately.
Rowbotham traces the cause of the Third World's present debt crisis to the 1944 Bretton Woods Conference. The American delegation at Bretton Woods refused to accept the Keynesian mechanism designed to redress trade imbalances that would have supported the Third World in its efforts to escape from debt. The Conference gave rise to the two institutions that have …