ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Ernest FederSubscribe to Ernest Feder

The New Colonial Office

The New Colonial Office Ernest Feder The World Bank: A Critical Analysis by Cheryl Payer; Monthly Review Press, New York, London, 1982. THE IMF, about which Cheryl Payer published her famous "The Debt Trap"1 and whose "austerity for the poor" prescriptions for rescuing sick economies have been amply commented world-wide, has been the object of widespread criticism for many years. But adverse comments about the World Bank, the IMF's sister agency, were almost unthinkable only a few years ago. Thus is strange. The economic and financial (pronounce: political) strategies imposed upon third world economies by the IMF are at a high level of implementation and it takes an all- around expert to grasp the full implications of these strategies on the countries which are its victims. In contrast, the activities of the World Bank, monopoly capital's biggest banker and permanent source of gigantic subsidies to transnational corporations, have a direct and immediate impact on the economies of the third world: on its producers, consumers and middlemen; on industrialists, businessmen, bureaucrats and working men, women and children. The loan funds generously granted by the Bank (since its inception in 1945, the Bank has 'invested'2 the neat sum of some 92 billion dollars in the 'development' of the third world) penetrate into all the nooks and corners of these economies

Agricultural Resources in Underdeveloped Countries Competition between Man and Animal

Almost simultaneously with the Green Revolution, that widely publicised strategy designed by the United States to 'wipe out hunger' in the poor countries by modernising crop production, great quantities of capital and technology, mainly from the United States, were transferred to the ranching sectors of underdeveloped countries, particularly those located in tropical and sub-tropical areas, for the expansion of beef cattle production.

Agribusiness in Underdeveloped Agricultures- Harvard Business School Myths and Reality

In the non-socialist underdeveloped countries there has begun a transformation of the traditional resource-use pattern in agriculture in terms of intensification and diversification of land uses whose consequences would only he a dramatic worsening of the food and resource situation.

McNamara s Little Green Revolution-World Bank Scheme for Self-Liquidation of Third World Peasantry

building not only paper bridges but also real forts reinforced with granite and protected by an armada of jet aircraft. Nkrumah was merciless in his criticism of the shoddy role that Britain played in letting Smith get away with his UDI. Now Britain is apparently involved in a rescue operation to save Smithy and there have also been suggestions that Britain should now use force. But as early as 1965, Nkrumah was opposed to this "for the UK government having refused to use military force to suppress the European rebels cannot now claim to send in forces in order to rescue the same rebels from their opponents''.

Why a Food Crisis

Why a Food Crisis? Ernest Feder THE so-called food "crisis'' results from the sudden convergence of spectacular short-run and less clearly discernible long-run factors. The former
Back to Top