Tuesday, 4 January 2011

loans: The Globalizers: The Imf, the World Bank, and Their Borrowers (Cornell Studies in Money)

The Globalizers: The Imf, the World Bank, and Their Borrowers (Cornell Studies in Money)

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"The IMF and the World Bank have integrated a large number of countries into the world economy by requiring governments to open up to global trade, investment, and capital. They have not done this out of pure economic zeal. Politics and their own rules and habits explain much of why they have presented globalization as a solution to challenges they have faced in the world economy."--from the Introduction The greatest success of the International Monetary Fund and the World Bank has been as globalizers. But at whose cost? Would borrowing countries be better off

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