This updated edition traces the origins and development of the crisis in global finance. Toussaint analyses the role of the World Bank, the IMFand the political restrictions they impose and reviews the neo-liberal policy of globalization, which he argues, has now run out of steam.

This updated edition traces the origins and development of the crisis in global finance. Toussaint analyses the role of the World Bank, the IMFand the political restrictions they impose and reviews the neo-liberal policy of globalization, which he argues, has now run out of steam. He outlines differing experiences of debt, drawing on case studies from around the world.