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Adam Hanieh, "Crude Capitalism: Oil, Corporate Power, and the Making of the World Market" (Verso, 2024)

New Books in Critical Theory

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Debt Crises and Misplaced Blame

This chapter examines the debt crises faced by developing countries in the 1980s, emphasizing how international financial institutions mischaracterized these issues as internal failures. It also discusses the broader economic and geopolitical implications, including the effects of declining oil prices on the end of the Cold War.

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