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The Coming First World Debt Crisis Paperback – 2 Oct 2006

4.4 out of 5 stars 9 customer reviews

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Product details

  • Paperback: 200 pages
  • Publisher: Palgrave Macmillan; 2006 edition (2 Oct. 2006)
  • Language: English
  • ISBN-10: 0230007848
  • ISBN-13: 978-0230007840
  • Product Dimensions: 14 x 1.2 x 21.6 cm
  • Average Customer Review: 4.4 out of 5 stars 9 customer reviews
  • Amazon Bestsellers Rank: 577,220 in Books (See Top 100 in Books)
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Review

'This insightful book examines how the current international trade in goods and finance that is making the rich richer and the poor poorer and threatens ecosystem and societal collapse is no accident.' - Jonathan Essex, Green World

Synopsis

In this book, Ann Pettifor turns her attention away from the debt crisis affecting developing countries and examines the issues of debt affecting the first world or OECD countries. She examines the history and roots of where the current international debt crisis stems from - economic liberalization - and the restructuring of the international financial architecture in the early 1970s. The book goes on to explore the implications of high international indebtedness for governments, corporations, households and individuals. An important and unique contribution is Pettifor's discussion of the justice and morality of debt, particularly for individuals.

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