Focusing on Chile and Colombia, this work examines the impact of IMF, World Bank, and US foreign policy on the economies and social and political institutions of Latin America. Far from fostering democracy and social justice, foreign loans and aid were major impediments to these ideals.
The record shows that the United States often acts as if it has license to disregard the sovereign rights of other peoples and nations. Kofas argues the United States has used Greece as a means of satisfying its own interests for the past half-century, and that Greece has suffered mightily at the hands of its protector.
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