In The Globalization of Poverty, Michel Chossudovsky explains in detail how leading international financial institutions, notably the IMF and the World Bank, have forced Third World and, since 1989, Eastern European countries to make structural economic changes. This book is a skillful combination of lucid explanation and an impeccably argued critique of the fundamental directions in which our world is moving, financially and economically. Chossudovsky shows the consequences of this new, international financial order that: -- feeds on human poverty; -- exists through destruction of the environment; -- creates social apartheid; -- encourages racism and ethnic strife; and -- undermines the rights of women. In his thorough investigation into the cogs of our marketplace, Chossudovsky reveals problems inherent in a global, cheap-labor economy. With evidence from locations such as sub-Saharan Africa, Japan, and North America, this book exposes how the IMF contributes to economic genocides. From financial glass ceilings to the recycling of private debts into public ones, The Globalization of Poverty shows how IMF reforms encourage global monopolies and financial instability. In short, Chossudovsky sounds a warning about the power wielded by the World Bank, IMF, and other international financial institutions because of their greatest effect: a globalization of poverty.