Mortgaging the Earth
World Bank, Environmental Impoverishment and the Crisis of Development
This critique of World Bank operations examines the effects of this organization on the societies in which it operates. Highly critical of the Bank's practices in its 50 years of operation, the author demonstrates how the Bank has become virtually unaccountable and a law unto itself. He describes how the Bank has supported oppressive regimes and loaned money to support large projects which have displaced local populations. He argues further that the Bank's current policies of structural adjustment are arresting the development of Third World countries.
Table of Contents
Chapter 1 The Dwelling Place of the Angels; Chapter 2 Decade of Debacles; Chapter 3 Brave New World at Bretton Woods; Chapter 4 The Faustian Paradox of Robert McNamara; Chapter 5 Greens Lay Siege to the Crystal Palace; Chapter 6 The Emperor’s New Clothes; Chapter 7 The Castle of Contradictions; Chapter 8 From Descartes to Chico Mendes: A Brief History of Modernity as Development; Chapter 9 Who Shall Rule the World—and How?; Chapter 10 What on Earth Is to Be Done?;