In Whose Interest? International Banking and American Foreign Policy

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In Whose Interest? International Banking and American Foreign Policy

By Benjamin J. Cohen
Yale University Press, 1986
347 pp. $19.95
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When private international lending gets big enough, it becomes thoroughly intertwined with the public interest as reflected in foreign policy and concern for the international economic system. How this happens, how the resulting problems have been dealt with in the past, and how they might be handled better in the future are the subjects of this first-rate book, which has emerged from the studies program of the Council on Foreign Relations. There are case studies of Arab investment, the Iranian crisis, pressure on Poland and Latin American debt. The book concludes with short- and long-run policy prescriptions for the United States and other countries.

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