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Dark Victory: The United States and Global Poverty
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Dark Victory: The United States and Global Poverty (Hardback)

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Synopsis

Hunger and malnutrition stalk the countries of the South. Over the last twenty years, as the populations of these countries have increased, so too has mass poverty on a grotesque scale. In this fiercely critical study of Western aid giving, Walden Bello offers a persuasive argument that recolonisation of the Third World has been carried out through the agencies of the International Banks.



Bello argues that neoliberalism or doctrinal free-market ideology came to power in the United States with an agenda to `discipline the Third World' and the consequences of such a policy has resulted in lower barriers to imports, the removal of restrictions on foreign investments, privatisation of state owned activities, a reduction in social welfare spending, wage cuts and devaluation of local currencies.



Recipients of `structural adjustment' loans from the West, have been forced to accept these polices, with disastrous consequences. Hailed as a classic study of global poverty, Dark Victory is now reissued with a substantial new epilogue by the author.

Walden Bello is an author, academic and political analyst. He is a professor of sociology and public administration at the University of the Philippines. He is the co-author of Dark Victory: The United States, Structural Adjustment and Global Poverty (Pluto, 1998).

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