Your Money or Your Life!

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development models: Asian, 236;
export-oriented, 44-5, 74-5,
128-9; Import substitution, 76,
116, 284; South Korean, 227
developmentallsm, 173, 174, 254
dictatorships: Argentina, 200,
202-3, 204-5; expropriation of
foreign assets, 244-5; nationali­
sation of domestic assets, 245;
and 'repugnant' debt, 244;
World Bank support for, 121-2

East Asia, FDI flows, 3 7,38
Eastern Europe: bureaucratic
socialism, xii-xiii, 171, 173; debt
levels, xxv; poverty levels,
18-19; poverty and living
conditions, 21-2; unemploy­
ment, 16, see also Russian
Federation
economic growth: long waves, 14;
slow, 4, 30
education, funds for, 155-6
Egypt, 146,215
Elf Aqultalne, misuse of loan
monies, 86-7
environment: green revolution,
116-19; and need for reform,
13,247-8
eurodollars, 59, 82, 279-80
European Monetary System, 60, 63
European Union, 14, 42; inter-
Triad investments, 38;
protectionism, 97, 105; public
debt, 65; wages decline, 20
exchange controls, elimination of,
51-2
exchange rates: and devaluation,
140-1; fixed, xxiv-xxv; floating,
59
exports: compared with financial
transactions, 53; contraction of
markets, 91; global share of, 43;
from Latin America, 74, 75,
193; and protectionism, 97,

105-6; of raw materials, 85, 98;

Third World price falls, 44,

97-8, 130

financial deregulation, 59; effects

of, xxiv-xxv, 52-5; Soros on, 63

financial markets, 3,11; and debt

securitisation, 66-9, 67; globali­

sation, 47-64; institutional

investors, 60-2, 61; technologi­

cal revolution, xii; Tobin tax

proposed, 45, 246-7; transac­

tions compared with exports, 53;

transactions compared with

GDP, 54, see also capital flows

financialisation, 280; in France,

50-1; of industrial companies,

47-50

First World War, 252

flexibility, 134-5

Fordism, economic model, 172

foreign debt: in early capitalist

development, 71, 72-3; Latin

America, 9-10, 11; as means of

domination, 6, see also debt

foreign direct investment, 31, 99,

192, 278-9; effect on autonomy,

44-5; fall of Third World share,

36-8, 36, 37, 38; by MNCs,

26-7; South Korea, 229; sub-

Saharan Africa, 196, 196

France: and African former

colonies, 34; company financiali­

sation, 50-1; foreign trade,

98-9; andRwanda, 215-16;

strike movement, 256, 258-9;

withdrawal from MAI, xxvii

Friedman, Milton, 181-2

G5 (Group of Five), 280

G7 (Group of Seven), 8, 241-2,

280; protests against, 257-8

G8 (Group of Eight), 280

G10 (Group of Ten), 280-1

G24 (opponents of G10), 281