Book Description
With grand announcements, recycled promises, and much hype about debt relief by the leaders of the world's rich creditor countries, the International Monetary Fund (IMF), and the World Bank since 1999, many of us can be forgiven for believing that the debt crisis of the world's poor countries is over. Far from it.
Customer Reviews:
Unmissable.......2006-05-17
The relief of debt for poorer countries is an issue which many support but few really understand. Noreena Hertz is someone who knows what she is talking about. She formerly worked at the World Bank and in now Professor of Economics at Cambridge. She is also a tireless campaigner for debt relief.
What I most appreciated was her ability to explain the economics in a way that was both understandable and convincing. She tells us how the debts came about - often during the cold war in an attempt by the West to gain and maintain areas of influence in the developing world. She also reminds us that many of these loans went to corrupt leaders of countries whose citizens now have to pay the price. As a result basic human needs - food, housing, and healthcare are sacrificed to service the debt payments.
We are left in no doubt that we carry a significant responsibility for this situation. This is why we should lobby our leaders to write of these debts. It is easy to say that fault lies on both sides. That may be so but if poor children have to pay then we who are in a position to do something should do all that we can.
She writes all of this in a very readable style. This book did far more than big events such as Live 8 to convince me of the need to do something. I would urge all readers to get hold of a copy and read it!
You "Hertz"ed it here first.......2006-03-14
Insightful, interesting and accessable. I read this book as part of my disseration research for a critical assessment of World Bank/IMF policy with regards to third world development. Prof. Hertzs' arguements are persuasive and compelling. They demand the attention of the policy-makers, finanical workers and the international community at large. Debt hangs from the neck of the developing world preventing it from standing upright. Prof. Hertz explains that this need not be the case.
Should private and public creditor be paid for their loans to corrupt government?.......2006-01-20
Debt cancellation for developing countries is a subject that has attracted much attention and little real action, despite in 2005 G8 countries and few others have taken some clear-cut commitment. This readable book provides:
a) a quick and simple description as to how developing countries got trapped into unsustainable debt levels. But among developing countries it fails to distinguish between middle-income emerging market economies and low-income economies. Therefore, the author jumps to the conclusion that Argentina (or Turkey) and Somalia (or Botswana) should be treated the same.
b) a simple theory, which suggests that developed countries often offered loans to corrupt governments (or full-fledged dictatorship) of developing countries and therefore, the peoples of those countries cannot bear the burden of servicing that debt, for which they did not benefit at all. Thus understood the problem, the full debt cancellation is a moral (and maybe legal) obligation. The author does not develop further that theory, but in practice she says that those countries that have violated human rights, or more specifically, at the time of borrowing were violating civil and political liberties, and/or economic, social and cultural rights should be provided full debt cancellation. Who and how the violation would be assessed is not clear, but this idea merits to be developed further and into operational detail.
I would recommend it for the general reader and those interested in development issues without prior knowledge.
Very sensible propositions.......2005-05-17
Noreena Hertz's basic principle is that the rights of creditors do not stand above fundamental human rights.
Debt repayments should not be imposed on governments when they could put in danger a minimum level of food, health care, clothing, water, education and housing for the entire population.
But as US president Calvin Coolidge said to the English delegation after WWI: 'We lent you money. Didn't we?'
The fact is that a lot of money was lent to corrupt and despotic regimes (Suharto, Marcos, Abacha, Ceaucescu, Mengistu, the South-African apartheid regime ...). More, after the end of the cold war, the US asked immediate debt repayment from States which were no longer strategically important.
Democratic governments should not be responsible for irresponsible lending by States or International Organizations.
She remarks that 60-70 % of all World bank projects under Mc Namara were failures and that only 10 % were ecologically and socially sound investments.
For her, debt should be forgiven if it was lent to undemocratic regimes, if the investments were against the interests of the majority of the population and when those who gave the money knew for what it was disbursed.
Ultimately, debt forgiveness will ot only favour the poor but also the rich countries, for it should not force nations to implement unsound policies and should improve security in the world.
By the way, she rightly lambastes massive arms investments (4 stealth bombers represent 1 schoolyear for 155 million children) and agricultural subsidies in the US and Europe (every cow receives 2,20 $ per day, or more that 1 billion human beings on our planet).
This book is a must read about a crucial problem for a massive part of the world population.
Honest, but ............2005-04-04
Just as her other great book , The Silent Takeover, this one is an honest effort, well documented and basically well intended.I think Ms. Hertz is brilliant and brave in her exposure of the facts. But...and there is always a but. I think that, her final proposals tend to be naive. Do not misunderstand me. Her proposals would be very good...if and only if, the people with the power to move ahead with the kind of actions that are needed were really interested in the fate of poor countries and in the people of their own countries ( as she very well explains). What they are interested in , I mean the elites everywhere,is in PROFITS and power..that is the reason and the blood of limitless capitalism. All other issues, including the welfare of the people or the environment are simply not considered.
Another point is that the role of the corrupt political elite in third world countries is in some way minimized. These guys are gangsters and must be treated as such. But instead they are very well treated by the political and corporative elites in the developed nations...and when they no longer represent PROFITS or geopolitical advantages they are simply discarded..Just remember Noriega or Saddam...The sad point is that the people of these countries can not discard these gangsters by their own means..Why?? Because of the support the corrupt Govts' receive from the rich countries..And they preach about moral and ethics....!!! Very good read....Worth your time.
Average customer rating:
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The Debt Threat: How Debt Is Destroying the Developing World.(Book review): An article from: Ethics & International Affairs
Lydia Tomitova
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ASIN: B000I5WY2Y
Release Date: 2007-02-06 |
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This digital document is an article from Ethics & International Affairs, published by Thomson Gale on June 1, 2006. The length of the article is 3361 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: The Debt Threat: How Debt Is Destroying the Developing World.(Book review)
Author: Lydia Tomitova
Publication:
Ethics & International Affairs (Magazine/Journal)
Date: June 1, 2006
Publisher: Thomson Gale
Volume: 20
Issue: 2
Page: 270(7)
Article Type: Book review
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Law and Literature: A Misunderstood Relation
Richard A. Posner
Manufacturer: Harvard University Press
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Binding: Hardcover
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ASIN: 0674514688 |
Book Description
THIS EDITION HAS BEEN REPLACED BY A NEWER EDITION
Customer Reviews:
A very readable discourse on a difficult topic!.......2007-04-02
Judge Posner is a Renaissance Man born centuries too late.
Having first become acquainted with his lucid thinking and readable prose through reading his Law and Economics text, I bought this book to see how well he was able to analyze literature. I was very favorably impressed with the author's ability to analyze a vast assortment of literature-- many of which were written in different times and cultures than our own--and extract the author's attitude towards law, order and justice.
After reading the book, I had one burning question. Justice Posner has written extensively for years, teaches law school part time at the University of Chicago and serves as a federal judge. Does he ever sleep?GOOD WILL WIN IN THE END
Book Description
The economic power of the Russian state has declined to a point where it is no longer able to perform its basic function - maintaining law and order and providing social services. This innovative book proposes that this inherent weakness of the post-reform Russian state arises from the manner in which the Soviet Union dissolved combined with the critical role played by President Yeltsin.
Piroska Nagy argues that the initial type of reforms undertaken weakened the state even further, perpetuating short-termism, inhibiting competition and promoting asset stripping of its natural resources by the managerial elite. The author compares the experience in Russia with that of other countries in transition including the Czech Republic, Hungary
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The Vietnamese Economy: Awakening the Dormant Dragon (Routledge Studies in Growth Economies of Asia, 41)
BiNh TraN-Nam
Manufacturer: Routledge
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ASIN: 041529651X |
Book Description
This book, written by economists of Vietnamese origin, is an extremely comprehensive collection on economic issues facing Vietnam. The spectrum of topics covered includes macroeconomics, microeconomics, international trade, agriculture, education, communication, institutional reforms, income distribution and poverty measurement.
Book Description
This digital document is an article from ASEAN Economic Bulletin, published by Institute of Southeast Asian Studies (ISEAS) on August 1, 2004. The length of the article is 1226 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Vietnam: a Transition Tiger?(Book Review)
Author: Nick J. Freeman
Publication:
ASEAN Economic Bulletin (Refereed)
Date: August 1, 2004
Publisher: Institute of Southeast Asian Studies (ISEAS)
Volume: 21
Issue: 2
Page: 252(3)
Article Type: Book Review
Distributed by Thomson Gale
Book Description
The ultimate sales training system for results-hungry sales pros who want to excel in today's complex sales arena… Collaborative Selling How to Gain the Competitive Advantage in Sales "Quality was the key word for success in the '80s. Team selling that makes the customer a true partner will be the point of differentiation in the '90s. Collaborative Selling lays out a clear road map for value-added marketing." —Buck Rodgers Former Vice President of Marketing, IBM Corporation Author, The IBM Way "The traditional `hard sell' approach to customers is passé successful selling in the '90s requires building a partnership with customers. Collaborative Selling tells you how to develop a cooperative, long-term relationship with your customers." —Og Mandino Author, The Greatest Salesman in the World "Tony and Rick are masters of win-win communications. Their new book will take you above and beyond the competition." —Denis Waitley Author, The New Dynamics of Winning "Collaborative Selling offers a fresh, new look at the art of selling that focuses on solving customers' problems and meeting your customers' needs." —Dr. Charles Garfield, President The Charles Garfield Group Based on a dynamic new approach proven in sales training programs in some of the nation's most successful companies, Collaborative Selling supplies a results-driven, six-step communication and problem-solving program that helps you accurately target your market…identify and contact your best prospects, explore and meet their needs and expectations, then work collaboratively to select the solutions that reward you both.
Customer Reviews:
Excellent book to learn business-to-business sales.......2001-07-21
I found the book to be very helpfull. I have used the "intelligence" of the collaborative sales approach and found it very effective. A totally different concept than the traditional sales approach that most people think of when they think of sales people and more fun too. You will find everything you need in this book to be sucessfull in business-to-business sales if your willing to put in the time to make it work.
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The Race to the Intelligent State: Charting the Global Information Economy into the 21st Century
Michael Connors
Manufacturer: Capstone
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Binding: Hardcover
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ASIN: 1900961067 |
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`Infostructure change is technology-driven, inevitable, somewhat predictable and, on the whole, beneficial. But it will also be much more disruptive than we realise and it will change the World Order'
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Strategic and practical information for conducting business and investing in the country. Business opportunities, regulations, contacts and more.
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New Zealand Business Law Handbook (World Investment and Business Guide Library)
Manufacturer: Intl Business Pubns USA
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ASIN: 073977428X |
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This law handbook contains information on basic business legislation, laws and regulatoins affecting export-import, business, foreign investments, property rights, taxation and banking.
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This study guide contains basic information on economy, government, business, history and geography, climate, traditions, people, places to visit. Provides information on government, political organizations, and more... Includes basic statistics, information on the most important business contacts and business travel. Updated annually.
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New Zealand Investment And Business Guide
Manufacturer: International Business Publications, USA
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ASIN: 0739758896 |
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New Zealand Investment and Business Guide (World Investment and Business Guide Library)
Igor Oleynik
Manufacturer: International Business Publications USA
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ASIN: B00005R4S6
Release Date: 2006-01-01 |
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Ultimate guide for conducting investment, export-import activity in the country. Strategic and business info, contacts, regulations and more. Updated annually
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BUS026000
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New Zealand Foreign Policy and Government Guide
Manufacturer: International Business Publications, USA
ProductGroup: Book
Binding: Paperback
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ASIN: 0739736175 |
Book Description
Basic information on foreign and domestic policy, political system, parties and elections, government and administrative structure. International and foreign policy and more.
Bibliographic information
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This investment guide contains basic information on economy, business, export-import and investment climate, opportunities, regulations. Provides strategic information on economy, industrial development, banking, and government. Includes information on the most important business contacts and business travel. Updated annually.
Book Description
This investment guide contains basic information on economy, business, export-import and investment climate, opportunities and regulations. Provides strategic information on economy, industrial development, banking, and government. Includes information on the most important business contacts and business travel. Updated annually.
Books:
- The Doomsday Myth: 10,000 Years of Economic Crises
- The Dynamics of Wage Relations in the New Europe
- The Economic Implications of Aging Societies: The Costs of Living Happily Ever After
- The English Economy from Bede to the Reformation
- The German Tradition of Organized Capitalism: Self-Government in the Coal Industry (Government-Industry Relations, 7)
- The Global Advantage: How World Class Organizations Improve Performance Through Globalization (Improving Human Performance)
- The Great Game: The Emergence of Wall Street as a World Power: 1653-2000
- The Macroeconomic Effects of War Finance in the United States: Taxes, Inflation, and Deficit Finance (Financial Sector of the American Economy)
- The Perils of Prosperity, 1914-32 (History of American Civilization)
- The Political Economy of South-East Asia: Conflict, Crisis, and Change
Books Index
Books Home
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The Silent Takeover: Global Capitalism and the Death of Democracy
Radical Democracy
Globalization and the Postcolonial World: The New Political Economy of Development
Culture and Imperialism
IOU
