[lbo-talk] Re: New Imperialism?

Doug Henwood dhenwood at panix.com
Wed Mar 30 12:12:06 PST 2005


B. wrote:


>It's getting a bit dated already, but what about
>Juliette Majot's statement in "Brave New World Bank" [
>Juliette Majot "Brave New World Bank," Global
>Exchanges, Winter, 1994] that during the 1980s and up
>until 1990 "debt service remittances ... from poor
>countries to rich countries totaled $1345 billion,
>while at the same time *total* resource flows from
>rich to poor countries totaled $927 billion." True,
>that only takes us up to 1990, but ....

It's a lot of money for the debtors, but not that much for the creditors.

Doug



More information about the lbo-talk mailing list