INDEX/321224, 225; causes, 218-19,
224-5; IMF and, xxiv, 10,
222-3; and risk premiums,
95-6; social costs, 220-1; and
unemployment, 16-17; World
Bank and, xxiv, 10, 132-3
sovereignty, of governments, xi,
159-60,250
speculation (financial), 52, 225,
236; tax on, 246, 247
state: reduced role of, 161-5, see
also government(s)
stock markets: instability, 218,
221, see also financial markets
strikes, 256, 258-9
structural adjustment programmes,
8, 16, 18, 40-1; and debt,
136-7, 159; economic conse
quences, 158-9; flexibility,
134-5; and macroeconomic
reform, 13 7-8; macroeconomic
stabilisation, 144-50; political
effects of austerity, 150-65; SAF
andESAF loans, 289; short-term
stabilisation, 140-4, 151; social
costs of, 158; stated objectives,
135-6
Sub-Saharan Africa, 97, 156, 194;
external debt, 194-5, 195, 243;
FDI in, 3 7, 38; specific problems,
197-8; trade losses, 195-6, 196
subordination, of Third World, 6,
8-9,40-1, 168
surplus value, 51, 289-90
Taiwan, 11,39,219
taxation: of extreme wealth,
245-6; to pay external debt,
229, 233; reforms, 145-6; for
social needs spending, xxviii,
251
technological revolution, xi, xii
technology: and environment, 117;
protected markets, 106
terms of trade, 8, 9, 251; deteriora
tion in, 9 6-9
Thailand, 95, 223; debt statistics,
66, 67, 68, 219; financial crisis,
218,219
Thatcher, Margaret, 88, 182-3
Theses of the book, 3-13
Third World: attraction of loans,
83-4, 91; 'brain drain' from,
104-5; capital flight from,
103-4; corruption in, 85-8,
104, 244-6; debt, 7, 68, 80-1,
129-30; debt cancellation,
243-4; debt crisis, 127-33, 173;
exports, 85, 97-8; high value
added production, 248; margin
alised, 4, 36-46; MNCs from, 32;
poverty and living conditions,
17-18, 21; priority needs,
238-9, 251; restrictions on
migration, 106-7; subordination
of, 6, 8-9, 40-1; threat of
recession, 230-2; unemploy
ment, 5-6, 16
Tobintax, 45, 246-7
trade: between developing
countries, 44, 249-50; between
industrialised countries, 44;
deficits, 91; and export earnings,
135-6; liberalisation, 144; MNC
domination of, 26-7, 45-6, 99;
social clauses, 248-9; unequal,
8, 167, 193, see also terms of
trade
trade unions: decline of, 260-1;
and structural adjustment,
153-4; World Bank opposition
to, 147, 187-8
Triad, 41-3, 290-1; inter-Triad
investment, 38-9, 38, 39, see
also European Union; Japan;
United States
Turkey, debt statistics, 67, 67, 68Uganda, 198, 199