Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Thursday, March 13, 2014

Interview with Grazia Ietto-Gillies published in the journal Critical Perspectives on International Business

Published in the new special 10th anniversary issue of the journal Critical Perspectives on International Business is an interview that I conducted with political economist Grazia Ietto-Gillies. She is emeritus professor of applied economics at London South Bank University in the UK and the author of numerous works on transnational corporations (including Transnational Corporations and International Production: Concepts, Theories and Effects, which was just published in its second edition). 
My interview with her can be read here.

Monday, November 19, 2007

Who Is The Biggest Vulture In The Room?

As investigative reporter Greg Palast (Project Censored #10 for this year) showed in his two-part series for the BBC, vulture funds and the inability of poor governments to properly fund social programs for their citizenry are inextricably linked.

Vulture funds, as Meirion Jones observes, are defined by the IMF as companies which buy up the "debt of poor nations cheaply when it is about to be written off and then sue for the full value of the debt plus interest - which might be ten times what they paid for it". But similar types of predatory practices are not favored only by private companies such as Debt Advisory International (DAI), they have been utilized by the IFIs themselves - the IDB, IMF and World Bank - to destabilize out of power poor governments that engage in economically sovereign policies.