And the Money Kept Rolling in (and Out): Wall Street, the IMF and the Bankrupting of Argentina

Anglický jazyk

And the Money Kept Rolling in (and Out): Wall Street, the IMF and the Bankrupting of Argentina

Vydavateľstvo: PUBLICAFFAIRS
Rok vydania: 2006
Jazyk: Anglický jazyk
ISBN: 9781586483814

1 kus skladom v predajni Posielame obratom

10.52 €

bežná cena: 11.95 €

O knihe

This dramatic, definitive account of the most spectacular economic meltdown of modern times exposes the dangerous flaws of the global financial system. In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina`s policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001 when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed. Paul Blustein, whose book about the IMF, "The Chastening", was called `gripping, often frightening` by "The Economist" now gets right inside Argentina`s rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players, as well as reams of internal documents.He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals - like those at Enron and WorldCom - that rocked Wall Street in recent years. By going behind the scenes of Argentina`s debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment.