Trade, Development and Foreign Debt

Amazon.com Price: $32.95 (as of 11/10/2019 01:36 PST- Details)

SKU: M3980846695 Categories: Accounting, Biography and History, Books, Business and Money, Commercial Policy, Company Profiles, Economics, International, Subjects

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On this survey of international economic thought, Michael Hudson rewrites the history of trade, development and debt theorizing. He shows that mainstream free-trade surveys are censorial in aside from the protectionist logic that has guided the trade policy of Europe and the USA, especially by leaving out discussion of the transfer problem and payment of international debts. He points out that most economists all over history have focused as much on war financing as on trade and development. Free-trade ideology and IMF-style financial austerity under as of late’s rules, fairly than benefiting all parties and maximizing welfare, leave “client” nations severely indebted. By aside from dynamics that was central to trade theory such as emigration and technology transfer, as of late’s global production and financial policies have a tendency to pay attention economic and political power within the hands of dominant nations. Prof. Michael Hudson (Economics Department, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.

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