Free download and read ebooks online Trade, Development And Foreign Debt by Michael Hudson full book PDF ePUB Audiobook. Download a free ebooks and kindle audiobook Trade, Development And Foreign Debt with ISBN id 9783980846691 full page with book summary. Michael Hudson book PDF ePUB of Trade, Development And Foreign Debt published by in 2009-09. Trade, Development and Foreign Debt released with category International economic relations with total 440 pages.
📖 Trade, Development And Foreign Debt by Michael Hudson free online open library
In this survey of international economic thought, Michael Hudson rewrites the history of trade, development and debt theorizing. He shows that mainstream free-trade surveys are censorial in excluding the protectionist logic that has guided the trade policy of Europe and the United States, especially by leaving out discussion of the transfer problem and payment of international debts. He points out that most economists throughout history have focused as much on war financing as on trade and development. Free-trade ideology and IMF-style financial austerity under today's rules, rather than benefiting all parties and maximizing welfare, leave "client" nations severely indebted. By excluding dynamics that used to be central to trade theory such as emigration and technology transfer, today's global production and financial policies tend to concentrate economic and political power in the hands of dominant nations. Prof. Michael Hudson (Economics Department, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.
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