Unholy Trinity (second edition)

This work shows how the world’s leading financial institutions – the IMF, World Bank and WTO – have been hijacked by the economic ideology of neoliberalism and the interest behind it, particularly from the 1980s onwards and in relation to their global financial, developmental and trade management roles. Instead of their original clearly defined, circumscribed and even benign responsibilities, they have now become the financial policemen of a global economy characterized by mounting extremes of rich and poor, recurrent instability, and failure over a half century to solve the problems of the developing countries. The story of the mounting opposition to these institutions is told. And the book concludes with a trenchant review of the various ideas now being canvassed not simply for their radical reform, but for alternative principles that might guide a very different form of globalization.