Your Money or Your Life!

320/YOUR MONEY OR YOUR LIFE!

prices, 18, 19, 251; collapse of
Third World export, 44, 97-8,
130, 230-1; liberalisation,
142-3; public services, 143;
timing of increases, 154; world
market, 160-1
private banks, 10, 75, 83-4;
withdrawal from Third World
debt market, 91-2
private debt, 202, 203, 209, 278
private sector: debt levels, xxii;
government bail-outs, xxiii-xiv,
234
privatisation, 28, 104, 144, 145;
Argentina, 203-4; Latin
America, 191; Mexico, 206-8;
South Korea, 227
profits: repatriated, 8, 99-101,
145, 197, 197; and wages,
29-30
protectionism, 8-9, 97, 232,
249-50; against South, 105-6

Reagan, Ronald, US President, 182,
183-4
recession, xxvi; (1930s), 177-8,
179; (1974-75), 84; (1980-81),
91-2
resistance: fragmented (Mexico),
209-10; to globalisation, xvi,
253, 255; to neoliberalism,
xxvii, 254, 257; to structural
adjustment, 152-3, 256, see also
social movements
resources, optimum allocation of,
185-6
Ricardo, David, 170, 175, 176-7
Rio World Summit, 13, 248
risk premiums, 11,95-6
risk rating agencies, xxiii, 96, 220
Roosevelt, F.D., 112; New Deal,
171,286
rural development, ODA for, 107
Russian Empire, foreign debt, 72

Russian Federation, xix, 16, 18-19,

95-6

Rwanda: case study, 212-17; funds

for arms, 214, 215-16;

genocide, 34, 212; loans to,

213-15; post genocide crisis,

216-17

Samuelson, Paul, 174

Say, Jean-Baptiste, 170, 176

Second World War, 171-2

securitisation, 288-9

severely indebted low-income

countries, 289

Singapore, 11, 40

Smith, Adam, 163, 170, 174-5

social clauses, in trade, 248-9

social costs, 158; in Mexico, 208-9;

Southeast Asia, 220-1

social crises, 8, 23 7

social movements, 238, 253-4,

256-7, 261; Mexico, 209-10,

256; role for, 241

social rights, 240

social spending, xxviii, 4, 251; to

alleviate poverty, 23; public

works programmes, 251; user-

funded, 142, 156, 158

social welfare, 172, 187-8;

reduction, 28, 148; welfare

state, 291

socialism, discredited, 261

Somalia, 35

Soros, George, 62-4, 225, 229

South Africa, 121-2, 198, 215

South Asia, FDI in, 3 7, 38

South Korea, 11, 32, 39, 55, 259;

crisis (1997), 226-7; debt

statistics, 66-7, 67, 68, 69, 219;

and regional bloc, 42; risk

rating, 96, 220, 229; Soros and,

64, 229; structural adjustment,

228-30

Southeast Asian crisis, xxv, 6, 220,

221-2; capital inflows, 219,