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Focusing on the historical context of trade and economic thought, Michael Hudson critiques mainstream free-trade ideologies for neglecting protectionist strategies that shaped U.S. and European policies. He highlights the overlooked significance of war financing in economic discussions and argues that current IMF-style austerity measures exacerbate debt issues for "client" nations. By dismissing crucial factors like emigration and technology transfer, contemporary policies concentrate power among dominant nations, undermining global welfare. Hudson is a noted economist and contributor to various financial publications.
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Trade, Development and Foreign Debt, Michael Hudson
- Language
- Released
- 2009
- product-detail.submit-box.info.binding
- (Hardcover)
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- Title
- Trade, Development and Foreign Debt
- Language
- English
- Authors
- Michael Hudson
- Publisher
- ISLET
- Released
- 2009
- Format
- Hardcover
- Pages
- 440
- ISBN13
- 9783949546013
- Series
- Rating
- 4.55 out of 5
- Description
- Focusing on the historical context of trade and economic thought, Michael Hudson critiques mainstream free-trade ideologies for neglecting protectionist strategies that shaped U.S. and European policies. He highlights the overlooked significance of war financing in economic discussions and argues that current IMF-style austerity measures exacerbate debt issues for "client" nations. By dismissing crucial factors like emigration and technology transfer, contemporary policies concentrate power among dominant nations, undermining global welfare. Hudson is a noted economist and contributor to various financial publications.