Your Money or Your Life!

318/YOUR MONEY OR YOUR LIFE!

Inter-American Bank for

Development, 12

interest rates, xxiv-xxv, 288; and

debt crisis, 7, 9; increased,

144-5; increased (from 1979),

89-91, 90; Latin America, 191,

192; LIBOR and Prime, 89, 285;

North-South difference, 95-6

International Development

Association, 12, 291-2

International Labour Office, 2

international monetary system,

284

international organisations, multi­

lateral aid from, 107

investment see foreign direct

investment

Israel, US aid to, 109

Japan, 14, 38, 42; capitalist
development, 72-3; economic
crisis, 220; protectionism, 38;
and US, 232-3

Kant, Immanuel, 170

Keynes, J.M., 113, 115, 171, 177,

178-80

Kissinger, Henry, 77, 234-5

labour market: de-indexing salaries,

143-4; deregulation, 15, 28;

migrant workers, 106-7, 231;

reforms, 146-7; state sector

salary cuts, 154-5

labour movement, 254-5, 259,

260-1, see also trade unions

land: access to, 240; privatisation,

146; reform, 117, 125

Latin America, 10, 91, 100, 111;

1930s debt repudiation, 6-7,

74-7; and Brady Plan, 77, 78-9;

debt levels, xxv, 189, 190;

development, 168, 172; FDI

flows, 3 7, 38, 220, 231;

government policies (1990s),

189-93; historical debt crises,

73-4; new debt cycle, 193-4, see

also Argentina; Brazil; Chile;

Mexico

liberal ideology xi-xii: xiii-xiv, 13,

171-2, see also neoliberalism

liberation movements, 124-5

life expectancy, 21,23

Lisbon Group, 28-9

literacy, 21,23,239

loans: bilateral, 84, 107; misappro­

priated, 86; private, 288; public,

288; purpose of, 84-5, see also

ODA

London Club, 7-8, 92, 285

long waves, of capitalist

development, 14, 73, 173,

285-6

LTCM, bail out, xxii-xxiii

Luxembourg, 87

Malaysia, 59, 63; financial crisis,

218, 219; IMF report, 224

malnutrition, 21, 22, 23, 239

Mandel, Ernest, 71, 73,98

Marcos, Ferdinand, corruption, 85

markets: faith in, 55-7; free,

185-6; tyranny of, 286

Marshall Plan, 115

Marx, Karl, 175; on colonialism,

165-6; on foreign trade, 166-7;

on public debt, 70-1

Marxism, 172, 177

McNamara, Robert, World Bank,

116, 121-6; and Third World

debt, 127, 128-9

media, xiii-xiv, 255; concentration

of control of, 32, 33, 34-5

Mexico, 41, 58, 74, 76, 231; 1982

crisis, 77,81,91-2, 129, 191;

1994 crisis, 11; case study,

205-12; debt statistics, 66, 67,

68-9, 68, 206, 219; foreign

debt, 9-10, 11; political crisis,

210-12; privatisation, 146,