David and Goliath

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F. Watts,
Pub. Date:
1st American ed.

This comprehensive study traces the evolution of the international debt crisis from its beginnings in the early 1970s to the present. The author uses a sample of 24 major borrower and heavily indebted countries to explore the economic forces within developing countries and the external conditions which led to the build-up of serious debt and their subsequent inability to carry it. He focuses attention on the changing roles of multilateral lending agencies such as the IMF and the World Bank and examines the role played by U.S., European, and Japanese commercial banks in creating conditions which led to unsustainable levels of debt among Third World borrowers. Finally, O'Cleireacain details the changing attitude of the U.S., from the early approaches of the Reagan administration through Brady Plan initiatives of the Bush administration. Scholars in development economics and international finance will find O'Cleireacain's work an important contribution to current debates over the causes of and policy responses to the mounting Third World debt crisis.

In his discussion on the role of multilateral lending agencies, O'Cleireacain analyzes the lending policies of the IMF, the changing nature of IMF conditionality, and the relations between debtor countries and the IMF. By examining the appropriate role of private sector capital flows--which to some extent compete with lending flows available from the IMF and the World Bank--the author places the debt crisis in a wider international public policy context. He concludes that private lending by commercial banks is one of the fundamental causes of the crisis as borrowers have turned to them to avoid the watchdog role of the established multilateral lending agencies. Based on his extensive study of the sample countries, O'Cleireacain calls for the use of IMF and World Bank-endorsed development strategies which require external financing but use exports to generate the foreign exchange to service foreign debt. An appendix listing U.S. Treasury and Federal Reserve support operations for debtor nations, a bibliography, and an index complete the volume.

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Grouping Information

Grouped Work ID 809ac470-90dd-4e62-4084-559fb189efc0
Grouping Title david and goliath
Grouping Author auld mary
Grouping Category book
Last Grouping Update 2019-03-26 01:10:58AM
Last Indexed 2019-03-26 02:19:16AM

Solr Details

accelerated_reader_point_value 0
accelerated_reader_reading_level 0
auth_author2 Mayo, Diana.
author Auld, Mary.
author2-role Mayo, Diana.
author_display Auld, Mary
detailed_location_basalt Basalt Juvenile Nonfiction
display_description Retells the Bible story of the battle between the boy David, armed with only a sling, and the giant warrior Goliath.
format_basalt Book
format_category_basalt Books
id 809ac470-90dd-4e62-4084-559fb189efc0
isbn 9780531153932
item_details ils:.b17995978|.i124539890|Bemis Children's|J 222.43095 AULD,MARY|||1|false|false|||||On Shelf||bechi||, ils:.b17995978|.i23484482|Basalt Juvenile Nonfiction|J 222 AUL|||1|false|false|||||In Transit||bajnf||
itype_basalt Juvenile Biography, Juvenile non-fiction
last_indexed 2019-03-26T08:19:16.607Z
lexile_score -1
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_basalt J 222 AUL
owning_library_basalt Basalt Regional Library
owning_location_basalt Basalt, Basalt Juvenile Collection
primary_isbn 9780531153932
publishDate 2000
record_details ils:.b17995978|Book|Books|1st American ed.|English|F. Watts,|2000.|31 pages : color illustrations, color map ; 26 cm.
recordtype grouped_work
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b17995978 .i23484482 Checked Out In Transit false false true false false true 116, 117, 118, 119, 120
ils:.b17995978 .i124539890 On Shelf On Shelf false true true false false false 9999
series Bible stories
series_with_volume Bible stories|
subject_facet Bible stories -- Old Testament -- Juvenile literature, David, -- King of Israel. -- Juvenile literature, Goliath -- (Biblical giant) -- Juvenile literature, Literature
title_display David and Goliath
title_full David and Goliath / retold by Mary Auld ; illustrated by Diana Mayo
title_short David and Goliath
topic_facet Bible stories, David, Goliath, Old Testament