Your Money or Your Life!

INDEX/315

Bretton Woods Conference (1944),
112-14
Bretton Woods system, 59, 75, 257
Burma (Myanmar), 231

Camdessus, Michel, on 1997-8
crisis, xix, 223
Canada, and NAFTA, 41
capital: concentration of, 31-5, 33;
expropriation of, 241; flight from
South, 103-4, 220; globalisation
of, 26-8; primitive accumula­
tion, 70, 71, 166, see also wealth
capital flows: liberalisation of,
xxiv-xxv, 28, 54-5, 145, 227;
and speculation, 23 7
capitalism: long waves, 14, 73,
173, 285-6; and role of state,
163-4; systemic crisis, xvii-xviii;
triumph of, xiii
Caribbean, external debt, 190
CEP AL, 76, 173, 189
Chicago School, neoliberalism,
181-2
children, in Colombia, 1-2
Chile, 55, 76, 121, 182
China, 11, 165, 215, 219; debt
statistics, 66, 67, 68; effect of
Southeast Asian crisis, 230; FDI
in, 37-8; foreign debt, 72, 219;
revolution, 119
Chirac, Jacques, 23 7
Clinton, W., US President, xix
COCAD (Committee for the
Cancellation of Third World
Debt), 262-4
Colombia, 76, 120; street children,
1-2
colonial pillage, 70-1, 118-19,
165-6, 167
commodification, xiv
commodities, overproduction, 54
competition, xiv, 45-6
conflict, 8, see also Rwanda
Congo-Brazzaville, 86-7

Congo-Zaire (Kinshasa): corruption

in, 85, 86, 246;IngaDam

project, 87-8

corporate mergers, xxi, 31-2, 32

corruption, xiv-xv; in Third World,

85-8, 104, 244-6

credit, international, 71

Cuba, 251

currency: depreciation, 222;

devaluation, 140-1,231

debt: forms of HIPC, 11-12; multi­

lateral, 278; nationalised, 10,

192-3, 233; net financial

transfer, 278; private, 202, 203,

209, 278; public, 9, 65-6, 71,

94-5, 278; and structural

adjustment, 136-7; Sub-

Saharan Africa, 194-5, 195;

ThirdWorld, 7,68,80-1,

129-30, see also foreign debt

debt cancellation, 242-4, 262-4

debt relief, World Bank/IMF

initiative, 12, 199

debt repayment, 92; debt-servicing,

278; moratorium recommended,

xxvii-xviii; of North's public

debt, 94-5; rescheduling, 278;

as wealth transfer, 93-5

debt repudiation: and economic

recovery, 76-7; Latin American,

74-7

debt securitisation, 65, 66-9, 67

democracy, 250; and good

governance, 149-50; market,

xiv-xv; and role of state, 164

dependence, 39-40, 173; cycle of,

6, 7, 81; onDS, 192-3,206-8

derivative trading, 60

devaluation, 140-1,231

development, 4, 171; causes of

underdevelopment, 165-9; and

green revolution, 116-19, see

also ODA