I.O.U - The Debt Threat and Why We must Defuse It (Broché)

At the beginning of the new millennium we are witnessing a global debt crisis of unprecedented size. Sub-Saharan Africa owes $200 billion, Brazil $223.8 billion, Argentina $155 billion. As Noreena Hertz brilliantly argues, these are not abstract figures. The link between global debt and the major problems of the 21st century - AIDS, terrorism, war, poverty, environmental devastation - is direct and irrefutable. A complex interplay of corrupt dictators, Wall Street pressure, Cold War interests, and dubious economic theory has left the world in on increasingly precarious state. Noreena Hertz, one of the world's leading experts on economic globalisation, shows us that this is not an issue of left or right: it is an issue of right versus wrong; of peace versus war. And it must be addressed now.