Skip to main content Site map

Unholy Trinity: The IMF, World Bank and WTO Second Edition


Unholy Trinity: The IMF, World Bank and WTO Second Edition

Hardback by Peet, Richard

Unholy Trinity: The IMF, World Bank and WTO

£85.00

ISBN:
9781848132511
Publication Date:
14 May 2009
Edition/language:
Second Edition / English
Publisher:
Bloomsbury Publishing PLC
Imprint:
Zed Books Ltd
Pages:
304 pages
Format:
Hardback
For delivery:
Estimated despatch 27 May - 1 Jun 2024
Unholy Trinity: The IMF, World Bank and WTO

Description

Who really runs the global economy? Who benefits most from it? The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively promote a particular kind of neoliberal capitalism. Under the 'Washington Consensus' they proposed, poverty was to be ended by increasing inequality. This new edition of Unholy Trinity, completely updated and revised, argues that neoliberal global capitalism has now entered a period of crisis so severe that governance will become impossible. Huge incomes for a small number of super-rich people produced an unstable global economy, rife with speculation and structurally prone to crises. The IMF is in disgrace, the WTO can hardly meet anymore and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity?

Contents

Preface Abbreviations and Acknowledgments 1. Globalism and Neoliberalism 2. Bretton Woods: Emergence of a Global Economic Regime 3. The International Monetary Fund 4. The World Bank 5. The World Trade Organization 6. Global Financial Capitalism and the Crisis of Governance Bibliography Index

Back

University of Salford logo