Volume 23, Number 11 · June 24, 1976
Banks: The Politics of Debt
By Emma Rothschild
International Finance Financial Policies, Annual Report to the President and to the Congress
The National Advisory Council on International Monetary and
US Government Printing Office, 304 pp., $4.30
Report on Developing Countries' External Debt and Debt Relief Provided by the United States
US Treasury
Security Supporting Assistance for Zaire
Committee on Foreign Relations Hearing, US Senate
US Government Printing Office
Covert Action in Chile, 1963-73 Governmental Operations with Respect to Intelligence Activities
United States Senate, Staff Report of the Select Committee to Study
US Government Printing Office, 62 pp., $ .80
We are living in one of the great epochs of expansion in international finance. For thousands of banks, the years from the mid 1960s to the mid 1970s have been a dizzy time. Their business has increased in value and in geographical extent. The most euphoric increase is in the developing countries, as banks set up new offices in nations from Nigeria to Peru. Some corporations, now, have almost more operations than they can count, with Citicorp of New York, for example, acknowledging 'approximately 2,026 offices in 103 countries around the world.'[1]
Review, 8375 words
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