David and Goliath
(Book)

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Author:
Contributors:
Published:
New York : F. Watts, 2000.
Format:
Book
Edition:
1st American ed.
Physical Desc:
31 pages : color illustrations, color map ; 26 cm.
Status:
Basalt Juvenile Nonfiction
J 222 AUL
Description

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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Basalt Juvenile Nonfiction
J 222 AUL
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Bemis Children's
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Language:
English
ISBN:
0531153932 :

Notes

Description
Retells the Bible story of the battle between the boy David, armed with only a sling, and the giant warrior Goliath.
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Citations
APA Citation (style guide)

Auld, M., & Mayo, D. (2000). David and Goliath. 1st American ed. New York: F. Watts.

Chicago / Turabian - Author Date Citation (style guide)

Auld, Mary and Diana. Mayo. 2000. David and Goliath. New York: F. Watts.

Chicago / Turabian - Humanities Citation (style guide)

Auld, Mary and Diana. Mayo, David and Goliath. New York: F. Watts, 2000.

MLA Citation (style guide)

Auld, Mary., and Diana Mayo. David and Goliath. 1st American ed. New York: F. Watts, 2000. Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Grouped Work ID:
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Last File Modification Time Apr 13, 2019 02:11:10 AM
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