Walden Bello

Walden Bello, executive director of Focus on the Global South, is the scourge of the IMF, World Bank and WTO. He has not only documented their record in deepening poverty and inequality, but refuses to have any truck with the idea that they can be reformed.

He openly advocates abolishing the World Bank and the IMF, "an institution that has made a big business out of ending poverty". He argues against NGOs being drawn into the process of reforming the IMF, World Bank and WTO. He wants to "deglobalise" the world economy, ending economic regulation and direction at a world level and proposes a series of regional institutions and pacts that would allow for national and cultural diversity to be respected.

Bello has charted the crisis of legitimacy that befell globalisation after its high watermark with the formation of the World Trade Organisation in 1995. This was the year when the advocates of neo-liberalism achieved unquestioned acceptance of free trade and corporate power as the solution to the problems of the Third World...

Available now from:
League for the Fifth International
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London WC1N 3XX

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