 Wysłany: Pon 4:42, 07 Mar 2011 Temat postu: On the Makaloa Mat LondonJack Publishedaamhba |
|
| elieve that the IMF should be abolished. This option was ser-
iously considered during the early years of the Reagan administra- tionand Congressional Republicans raised it again in 1998. James BakerReagan’s Secretary of the Treasurybreathed new life into the institution when he found himself faced with the potential bankruptcy of Mexico and serious losses for the main New York City investment banks that held Mexican debt in 1982. He used the IMF to impose structural adjustment on Mexico and protect the New York bankers from default. This practice of prioritizing the needs of the banks and ?nancial institutions while diminishing the standard of living of the debtor country had already been pion- eered during the New York City debt crisis. In the international 73 The Neoliberal State context this meant extracting surpluses from impoverished Third World populations in order to pay o? the international bankers. ‘What a peculiar world’Stiglitz quizzically r christian louboutin kitten heelsemarks‘in which the poor countries are in e?ect subsidizing the richest.’ Even Chile�� the exemplar of ‘pure’ neoliberal practices after 1975��got hit in this way in 1982�3with the result that gross domestic product fell by nearly 14 per cent and unemployment shot yilai: nike high heels http://www.public4you.fora.pl/questions,27/on-the-makaloa-mat-londonjack-publishedaamfuo,45932.html#82604 |
|
