Who really runs the global economy? Who benefits most from it? The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively promote a particular kind of neoliberal capitalism. Under the 'Washington Consensus' they proposed, poverty was to be ended by increasing inequality. This new edition of Unholy Trinity, completely updated and revised, argues that neoliberal global capitalism has now entered a period of crisis so severe that governance will become impossible. Huge incomes for a small number of super-rich people produced an unstable global economy, rife with speculation and structurally prone to crises. The IMF is in disgrace, the WTO can hardly meet anymore and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity?
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Who really runs the global economy? Who benefits most from it? The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. This book argues that neoliberal global capitalism has entered a period of crisis so severe that governance will become impossible.
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PrefaceAbbreviations and Acknowledgments1. Globalism and Neoliberalism2. Bretton Woods: Emergence of a Global Economic Regime3. The International Monetary Fund4. The World Bank5. The World Trade Organization6. Global Financial Capitalism and the Crisis of GovernanceBibliographyIndex
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'Invaluable to students and activists alike, this is the essential introduction to the unelected government of the world economy.' Mike Davis, author of Planet of Slums 'This new edition of the Unholy Trinity offers a timely and razor-sharp analysis of the predicament the world economy is in today and how we got there. With characteristic panache, Peet shows why neoliberal orthodoxy got it so totally wrong and details its disastrous social and economic consequences. A must read for those who wish to understand who is responsible, and what needs to be done to turn the world into a more genuinely humanising place for all.' Erik Swyngedouw, University of Manchester 'This is a terrific book...It is politically committed, theoretically sophisticated, analytically incisive, empirically rich, thoroughly engaged, and full of devastating one-liners that greatly enliven its reading.' Roger Lee, Economic Geography 'This is a great book' David Harvey, CUNY 'Unholy Trinity provides an important history lesson of how the IMF, World Bank, and WTO were twisted from their original mandates to serve the interests of corporate globalization.' John Cavanagh, Institute for Policy Studies
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Produktdetaljer

ISBN
9781848132528
Publisert
2009-05-14
Utgave
2. utgave
Utgiver
Vendor
Zed Books Ltd
Høyde
216 mm
Bredde
138 mm
Aldersnivå
05, 06, U, P
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
298

Forfatter

Biographical note

Richard Peet is Professor of Geography at Clark University. He grew up near Liverpool and attended the LSE, the University of British Columbia and the University of California, Berkeley. His main interests include development, policy regimes, globalization, power, social theory, philosophy and Marxism. He was editor of Antipode: A Radical Journal of Geography for many years. He also co-edited Economic Geography, and is now editor of Human Geography, a new journal. His is the author of twelve books including (with Elaine Hartwick) Theories of Development (2008); (with Michael Watts) Liberation Ecologies (2004) and Geographies of Power (2007).