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Trade, Development and Foreign Debt

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Focusing on the historical context of trade and economic thought, Michael Hudson critiques mainstream free-trade ideologies for neglecting protectionist strategies that shaped U.S. and European policies. He highlights the overlooked significance of war financing in economic discussions and argues that current IMF-style austerity measures exacerbate debt issues for "client" nations. By dismissing crucial factors like emigration and technology transfer, contemporary policies concentrate power among dominant nations, undermining global welfare. Hudson is a noted economist and contributor to various financial publications.

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Trade, Development and Foreign Debt, Michael Hudson

Langue
Année de publication
2009
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Langue
Anglais
Éditeur
ISLET
Publié
2009
Format
rigide
Pages
440
ISBN13
9783949546013
Séries
Évaluation
4,55 sur 5
Description
Focusing on the historical context of trade and economic thought, Michael Hudson critiques mainstream free-trade ideologies for neglecting protectionist strategies that shaped U.S. and European policies. He highlights the overlooked significance of war financing in economic discussions and argues that current IMF-style austerity measures exacerbate debt issues for "client" nations. By dismissing crucial factors like emigration and technology transfer, contemporary policies concentrate power among dominant nations, undermining global welfare. Hudson is a noted economist and contributor to various financial publications.