The Coming First World Debt Crisis

by Pettifor, Ann

• ISBN13: 9780230007840
• ISBN10: 0230007848
• Format: Paperback
• Copyright: 2006-11-28
• Publisher: Palgrave Macmillan

Summary

In this book Ann Pettifor examines the issues of debt affecting the first world or OECD countries. She traces the history and roots of where the current international debt crisis comes 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.

Author Biography

ANN PETTIFOR was the co-founder of Jubilee 2000 which campaigned for debt relief at the turn of the millennium and is now a Director of Advocacy International, which works with debtor governments, and has helped countries like Nigeria, Ethiopia and Guyana write off millions of dollars of debt.

Table of Contents

The International Financial System: At the Root of the Crisis * Understanding Money * Debt: Personal, Household, Corporate and Sovereign * The Bubble and the Coming De(b)tonation * Debt and Ethics: An Age-old Struggle * What Is to Be Done? * Conclusion

The International Financial System: At the Root of the Crisis * Understanding Money * Debt: Personal, Household, Corporate and Sovereign * The Bubble and the Coming De(b)tonation * Debt and Ethics: An Age-old Struggle * What Is to Be Done? * Conclusion