(2004) The Debt Threat: How Debt Is Destroying the Developing World. By Noreena Hertz. (ISBN: 0060560525 / 0-06-056052-5)

Book Description: HarperBusiness, N.Y., 2004. First Edition Thus, number line on copyright page reads: 04 05 06 DIX/RRD 10 9 8 7 6 5 4 3 2 1. Black Hard Cover Boards, Red Spine with Silver Text. This is a First Edition remainder book which is new and never used. Book has black felt pen remainder mark on the bottom or top edge of the pages. 257 pages, 6.25" x 9.5" tall, .75" thick. New copy - Never read - Not price clipped. Beautiful gift quality copy of book and dust jacket. COLLECTOR'S COPY.

Book Condition: Brand New.

Dust Jacket Condition: Brand New Pictorial. NON price-clipped DJ [$25.95 US].

Synopsis: With grand announcements, recycled promises, and much hype about debt relief by the leaders of the world's rich creditor countries, the International Monetary Fund (IMF), and the World Bank since 1999, many of us can be forgiven for believing that the debt crisis of the world's poor countries is over. Far from it. Noreena Hertz's book calls for the cancellation of the unpayable debt of undeveloped countries. Exposing the reasons why countries go into debt the first place. she puts forth clear recommendations that can and must be taken to redress the World Banks legacy. 'The Debt Threat' should not go unnoticed.

About The Author: Professor Noreena Hertz (born 24 September 1967, London) is an English economist, author and campaigner.

In her 2002 book The Silent Takeover: Global Capitalism and The Death of Democracy, Hertz warned that unregulated markets, corporate greed, and over-powerful financial institutions would have serious global consequences that would impact most heavily on the ordinary citizen. Following the financial meltdown and recession of 2008-09, many commentators have described Hertz as insightful.

Hertz's books have been published worldwide. Since the publication of The Silent Takeover in 2002, she has regularly appeared on television and radio programmes to discuss economics, politics, and globalisation.

Life and career: Noreena Hertz is a great-granddaughter of British Chief Rabbi Joseph H. Hertz, and was born and brought up in London, England. When she was 20 years old, her mother, the fashion designer and feminist activist Leah Hertz, died of cancer.

Hertz attended North London Collegiate School, Westminster School, and University College London, UK, where she earned her Bachelor's degree. She then attended the Wharton School of the University of Pennsylvania, U.S. where she earned her MBA, before gaining a PhD in Economics from the University of Cambridge (King's). At the invitation of a professor at Wharton, she then went to Russia to work for the World Bank and played a role in setting up the Russian stock exchange and in advising the Russian government on its privatisation programmes. Her disenchanted and highly critical Cambridge doctoral thesis, "Russian Business Relationships in the Wake of Reform", dispelling the myth of Russia's successful transition to a market economy and questioning the bank's requirements, was published in 1996.

In 2000, the left-leaning UK newspaper The Observer described Hertz as 'one of the world's leading young thinkers'; in 2001 Management Today named her amongst the top 35 women under 35, and Vogue magazine named her 'one of the world's most inspiring women'.

In 2002 The Silent Takeover was published. Hertz then turned her attention to the Middle East Peace Process, where she headed a 40-member research team of Palestinians, Israelis, Jordanians and Egyptians. She was selected as a 'Young Global Leader of Tomorrow' by the World Economic Forum in 2004.

In 2005, Hertz was appointed a Fellow of the Judge Business School, University of Cambridge. That year IOU: The Debt Threat was published. A popular treatise on the dangers of irrational lending, it was publicly endorsed by Archbishop Desmond Tutu, Bob Geldof and Bono. During 2005, Hertz also served a 6 month professorship at the University of Utrecht in the Netherlands.

As of 2006, Hertz is a fellow and associate director of the Centre for International Business & Management (CIBAM), at Cambridge's Judge Business School.

In 2006, Hertz played a leading role in the development of (RED) - an innovative commercial model to raise money for AIDS victims in Africa. The singer Bono was also closely involved in the project and has described Hertz's writings as the inspiration for the (RED) project. That year she was appointed Fellow of the Centre for Global Governance at the London School of Economics.

In 2008, Hertz took up a Visiting Professorship at Rotterdam School of Management, Erasmus University, the business school of Erasmus University Rotterdam in the Netherlands. Harpers Bazaar chose her as "one of the most powerful women in Britain" and described her as "one of the greatest communicators of our generation."

In 2009, Hertz was appointed Professor of Globalisation, Sustainability and Finance at Rotterdam School of Management, Erasmus University and the Duisenberg School of Finance

Books:

Hertz has published several studies on globalization and Russia. She has written several popular books based on her experience at the World Bank, including:

• 1997: Russian Business Relationships in the Wake of Reform (ISBN 0-333-71083-5)
• 2002: The Silent Takeover : Global Capitalism and the Death of Democracy (ISBN 0-7432-3478-2)
• 2005: The Debt Threat : How Debt Is Destroying the Developing World (ISBN 0-06-056052-5)
• 2005: IOU: The Debt Threat and Why We Must Defuse It (ISBN 0-00-717899-9)