While the US and European economies are in recession, the World Bank and International Monetary Fund inspired export oriented policies being followed by the government of India are about to create social and environmental catastrophe in the name of special economic zones (SEZs geographical areas in which less regulations on labour rights, environmental practices and other areas are applied on companies).
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John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. He is the coauthor with Fred Magdoff of The Great Financial Crisis: Causes and Consequences, recently published by Monthly Review Press. This is a heavily abridged version of an interview was conducted by Mike Whitney that first appeared at Dissident Voice.
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