The Crisis of Poverty and Debt in the Third World

by Dent, Martin J.; Peters, Bill

• ISBN13: 9780754610274
• ISBN10: 0754610276
• Format: Hardcover
• Copyright: 1999-12-01
• Publisher: Ashgate Pub Ltd

Summary

Jubilee 2000 is the phenomenal campaign, co-founded by Bill Peters and Martin Dent, which has advanced into a worldwide Movement. It has its own governing board formed by a coalition of NGOs, its own director and staff, and millions of dedicated supporters.This book, the first to be published on Jubilee 2000, describes the plight of 52 of the poorest nations in the world and puts in detail the case for radical cancellation of past inert debt. The cost and benefit of this remission and the groundbreaking concordance of peoples and governments that could accompany it are examined in detail.It contains critiques of the economic bases of the World Bank and IMF approaches to debt management in developing economies, as manifested in structural adjustment programmes and their maintenance, misuse of excess reserves and the methods used to carry out restructuring and developments projects.The British anti-slavery campaign saw a mobilisation of public opinion for a great cause. Using this as a source of inspiration, public opinion must again be mobilised for what amounts to the greatest opportunity for compassion and forgiveness facing us all at the beginning of a new millennium.

Table of Contents

List of Tables	vii
Foreword	ix
Frank Judd
Authors' Introduction	xi
The Problem of Debt and Poverty and a Practical Answer	1	(14)
The Present Situation of Contrast Between Rich and Poor States	1	(2)
The Historical Context and the Root of the Problem	3	(4)
Bill Peters
Debt Remission: The Most Immediate of the Ways to Help Poorer Countries	7	(8)
Genesis of Jubilee 2000 - the Beginning of a Debt Campaign under the Name and Pattern of Jubilee	15	(12)
The History of the Growth of the Jubilee 2000 Campaign	27	(12)
The Debt Situation of the 51 Low-Income Countries Whom it is our Task to Liberate from the Chains of Debt	39	(10)
Efforts Made So Far by the World Bank and the Paris Club to Deal with the Problem of Debt	49	(12)
The Boundaries and Criteria of Jubilee Remission	61	(12)
Conditionalities for Remission	73	(8)
Benefits and Costs of the Remission	81	(18)
Some Individual Case Studies	99	(12)
Non-economic Benefits from Cancellation, for Creditor as well as for Debtor Countries	111	(8)
Bill Peters
Parallel of the Anti-Slavery Movement in the 19th Century	119	(12)
Tactical Considerations and Means of Implementing the Jubilee	131	(12)
Beyond the Year 2000	143	(8)
The Origin and Development of the Campaign for Debt Relief/Cancellation and the Critique of the IFIs, 1983-93	151	(20)
The Approach to Debt in Other Faiths	171	(10)
The International Spread of the Jubilee 2000 Campaign	181	(8)
WB Philosophies and Policies: The Unsoundness of the Theoretical Economic Base	189	(14)
Other Areas of Activity and Management Where the IFIs Fall Short	203	(12)
Conditions for Remission: Is a Grand Concordat Possible?	215	(6)
Reform of UN, Including Bretton Woods, Structures	221	(8)
List of Appendices	229	(42)
Bibliography	271	(6)
Index	277