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

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World Economic Crisis and Third World-in Mid-1980s

World Economic Crisis and Third World in Mid-1980s Andre Gunder Frank The Americans are playing financial poker with the West Europeans and the Japanese, as well as with the Brizilians, the Nigerians and everybody else. As long as the international economic system continues to work, the American banks and American economy are continuing to benefit. So it is rational for them, in the short run, the bluff as much as possible against their opponents and partners as long as the Americans have, or think they have, the financial ace that, at the moment, there is no alternative to the US dollar in the world economy. The Americans are, therefore, most reluctant to come to any alternative arrangement of the world financial system, while the Europeans and others are much more willing to do so, and some indeed are asking for a new arrangement.

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