The Globalization of Poverty and the New World Order by Michel Chossudovsky

By Michel Chossudovsky

During this new and accelerated variation of Chossudovsky's overseas best-seller, the writer outlines the contours of a brand new international Order which feeds on human poverty and the destruction of our environment, generates social apartheid, encourages racism and ethnic strife and undermines the rights of ladies. the outcome as his targeted examples from all elements of the area express so convincingly, is a globalisation of poverty. This ebook is a skilful mixture of lucid rationalization and cogently argued critique of the elemental instructions during which our global is relocating financially and economically.In this new enlarged variation - inclusive of ten new chapters and a brand new creation - the writer studies the motives and effects of famine in Sub-Saharan Africa, the dramatic meltdown of economic markets, the loss of life of kingdom social courses and the devastation as a result of company downsizing and exchange liberalisation. The publication has been released in eleven languages. Over 100,000 copies offered world-wide.

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12 According to the testimony INTRODUCTION ii ii of FBI director Jim Moody to a US Congressional Sub-committee, criminal organizations in Russia are "cooperating with other foreign criminal groups, including those based in Italy and Colombia (. ) the transition to capitalism [in the former Soviet Union] provided new opportunities quickly exploited by criminal organizations". 13 Wall Street Bankers behind the Scenes A political consensus has developed; governments throughout the world have unequivocally embraced the neoliberal policy agenda.

Similarly, the WTO almost neutralizes "with the stroke of a pen" the authority and activities of several agencies of the United Nations including the United Nations Conference on Trade and Development (UNCTAD) and the International Labor Organization (ILO). The articles of the WTO are not only in contradiction with pre-existing national and international laws; they are also at variance with "The Universal Declaration of Human Rights". Acceptance of the WTO as a legitimate organization is tantamount to an "indefinite moratorium" or repeal of the Universal Declaration of Human Rights.

Forced labor and slavery), its social impact is devastating. Structural adjustment programs affect directly the livelihood of more than four billion people. g. the Paris and London Clubs, the G7). This new form of economic and political domination - a form of "market colonialism" - subordinates people and governments through the seemingly "neutral" interplay of market forces. The Washington-based international bureaucracy has been entrusted by international creditors and multinational corporations with the execution of a global economic design, which affects the livelihood of more than 80 percent of the world's population.

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