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^ Download PDF The Sword of Damocles: The IMF, the World Bank, and U.S. Foreign Policy in Colombia and Chile, 1950-1970, by Jon Kofas, Jon V. Kofas

Download PDF The Sword of Damocles: The IMF, the World Bank, and U.S. Foreign Policy in Colombia and Chile, 1950-1970, by Jon Kofas, Jon V. Kofas

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The Sword of Damocles: The IMF, the World Bank, and U.S. Foreign Policy in Colombia and Chile, 1950-1970, by Jon Kofas, Jon V. Kofas

The Sword of Damocles: The IMF, the World Bank, and U.S. Foreign Policy in Colombia and Chile, 1950-1970, by Jon Kofas, Jon V. Kofas



The Sword of Damocles: The IMF, the World Bank, and U.S. Foreign Policy in Colombia and Chile, 1950-1970, by Jon Kofas, Jon V. Kofas

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The Sword of Damocles: The IMF, the World Bank, and U.S. Foreign Policy in Colombia and Chile, 1950-1970, by Jon Kofas, Jon V. Kofas

Focusing on Chile and Colombia during the 1950s and 1960s, Kofas examines the impact of IMF, World Bank, and U.S. foreign policy on the economies and social and political institutions of Latin America. Far from fostering democracy and social justice, foreign loans and aid were major impediments to these ideals. Symptomatic of systematic underdevelopment, cyclical Third World foreign borrowing and debt crises have been responsible for maintaining the debtor nations integrated into the global market economy, perpetuating their dependency, and maintaining low living standards. Comparing Colombia and Chile, the book examines the complex factors of domestic and international forces that account for structural underdevelopment in the Third World.

A study on the historical antecedents of globalism and its impact on the Third World, this book analyzes the interplay between IMF, World Bank, and U.S. foreign policy in shaping the economies of the Third World through loans that are the catalyst to global integration. Through its in-depth look at a complex topic, this book will prove provocative and valuable reading to students of globalization, inter-American relations, international finance, Latin American History, and U.S. diplomatic history.

  • Sales Rank: #2248663 in Books
  • Published on: 2002-07-30
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.21" h x .63" w x 6.14" l, 1.18 pounds
  • Binding: Hardcover
  • 264 pages

Review
"[A]n impressive scholary work."-World Association of International Studies

"[a] good source for scholars interested in understanding the details of the relationship of the Colombian and Chilean governments with IMF."-Book Reviews Vol.63 N.2

"[u]nearths valuable information about the massive role of external economic forces in Colombia and Chile during the first two decades of the cold war."-The International History Review

"[a] meticulously documented and persuasive analysis of the relations beteen to developing countries and the foreign powers that financed their development projects and shaped their monetary and fiscal policies."-The American Historical Review

"ÝA¨n impressive scholary work."-World Association of International Studies

"Ýa¨ good source for scholars interested in understanding the details of the relationship of the Colombian and Chilean governments with IMF."-Book Reviews Vol.63 N.2

"Ýu¨nearths valuable information about the massive role of external economic forces in Colombia and Chile during the first two decades of the cold war."-The International History Review

"Ýa¨ meticulously documented and persuasive analysis of the relations beteen to developing countries and the foreign powers that financed their development projects and shaped their monetary and fiscal policies."-The American Historical Review

"Ýa¨ substantial contribution to our understanding of Latin America political and economic history. His impeccable archival research should lead other scholars of Latin American economic development into the archives of the World Bank. the IMF. and the State Department."-American History Review

?[A]n impressive scholary work.??World Association of International Studies

?[A]n impressive scholary work.?-World Association of International Studies

?[a] good source for scholars interested in understanding the details of the relationship of the Colombian and Chilean governments with IMF.?-Book Reviews Vol.63 N.2

?[u]nearths valuable information about the massive role of external economic forces in Colombia and Chile during the first two decades of the cold war.?-The International History Review

?[a] meticulously documented and persuasive analysis of the relations beteen to developing countries and the foreign powers that financed their development projects and shaped their monetary and fiscal policies.?-The American Historical Review

?[a] substantial contribution to our understanding of Latin America political and economic history. His impeccable archival research should lead other scholars of Latin American economic development into the archives of the World Bank. the IMF. and the State Department.?-American History Review

"Based on hitherto unused archival sources, this timely book traces for the first time the complete history of World Bank and IMF-sponsored economic stabilization plans in Colombia and Chile in the 1950s and 1960s. It also unveils the global methodology whereby multilateral lending agencies, the U.S. Treasury and State Departments, and the foreign commercial banks have operated in postwar Latin America."-Raul Garcia Heras Assistant Professor, University of Buenos Aires Senior Research Fellow, CONICET

"This book...is just the sort of history many more historians of Latin America should have been doing for the last 20 years....Without such work, we have no hope of understanding the human past or present southward. Here Kofas makes it clear that what happened in Latin America during the Cold War is what makes the region the egregious Land of Injustice it is now. After World War II, Kofas shows, the United States to an unprecedented degree turned the Western Hemisphere into an American company town....The history he tells, vividly, lucidly, in fine detail, is of two decades of U.S. pressure on Colombian and Chilean governments to promote economic development through short-changing and indebting their working people, in effect a U.S-local (rich) scam concentrating income in order to deepen local debt for higher rates of return abroad."-John Womack, Jr. Robert Woods Bliss Professor of LATIN American History and Economics Harvard University

"[a] substantial contribution to our understanding of Latin America political and economic history. His impeccable archival research should lead other scholars of Latin American economic development into the archives of the World Bank. the IMF. and the State Department."-American History Review

About the Author

JON V. KOFAS is Professor of History, Social and Behavioral Sciences, Indiana University, Kokomo, Indiana. He is the author of Foreign Debt and Underdevelopment: U.S.-Peru Relations, 1950-1970, The Struggle for Legitimacy: Latin American Labor and the United States, 1930-1960, and Intervention and Underdevelopment: Greece During the Cold War.

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