Unholy Trinity

Name: Unholy Trinity
Price: 200 AUD
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ISBN: 9781848132511

The IMF, World Bank and WTO

Richard Peet

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Hardback

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English

Zed Books Ltd
14 May 2009

International economics

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?

By: Richard Peet
Imprint: Zed Books Ltd
Country of Publication: United Kingdom
Edition: Second Edition
Dimensions: Height: 222mm, Width: 143mm, Spine: 143mm
Weight: 454g
ISBN: 9781848132511
ISBN 10: 1848132514
Pages: 297
Publication Date: 14 May 2009
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Preface Abbreviations and Acknowledgments 1. Globalism and Neoliberalism 2. Bretton Woods: Emergence of a Global Economic Regime 3. The International Monetary Fund 4. The World Bank 5. The World Trade Organization 6. Global Financial Capitalism and the Crisis of Governance Bibliography Index

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).

Reviews for Unholy Trinity: The IMF, World Bank and WTO

This is a great book * David Harvey, CUNY * 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 * 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 * 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 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 *