Global Fracture: The New International Economic Order

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Global Fracture: The New International Economic Order

"Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways". Alvin Toffler, best-selling author of Future Shock and The Third Wave

This new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony.

Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history.

In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency.

Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank.

Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war.

Country	USA
Author	Michael Hudson
Binding	Kindle Edition
Edition	2nd Revised edition
EISBN	9781783719082
Format	Kindle eBook
Label	Pluto Press
Manufacturer	Pluto Press
NumberOfPages	330
PublicationDate	2005-04-20
Publisher	Pluto Press
ReleaseDate	2015-11-20
Studio	Pluto Press

Global Fracture: The New International Economic Order

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