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Chomsky: Poorer Countries Find a Way to Escape U.S. Dominance
by
Michael Shank
1 March 2008
The famous critic lays out the emerging alternatives to the U.S.-dominated international financial institutions of the last century.
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The odious debt of Russia, the new oligarchs and the Bretton Woods institutions
by
Eric Toussaint
8 March 2004
The IMF and the World Bank got Russia into debt. A large part of the money lent has been embezzled and is back in the West. Western bankers, Russian oligarchs and government officials got rich while the impoverished Russian citizens have to foot the bill.
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The Specter of “Alter-Globalization”
by
Aleksandr Buzgalin
4 January 2004
The specter is haunting the world, the specter of “anti-globalization”. Bushes and Blairs, Liberals and Stalinists, fundamentalists and chauvinists are united in their efforts to exorcise this specter.
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Who will Pay Russia’s Debts?
by
Andrei Kolganov
March 1999
1. Are the Debts the Cause of the Crisis? Some experts have argued that Russia’s existing level of indebtedness is not critical - that many countries have higher levels, but have not fall en into crisis. In mid-1998 Russia’s internal debt stood at about 40 per cent of GDP, and its foreign debt at less than 50 per cent of GDP. In absolute figures, the foreign debt in 1997 amounted to $124 billion, and the cost of servicing it came to $6 billion. In 1998 the foreign debt grew to $141 billion, (...)