Posts Tagged: IMF
A state of civil war exists in Thailand, reports columnist Walden Bello, and it has much to do with class.
The IMF has introduced reforms with some positive features. But it has not questioned, much less shifted away from, the "market-fundamentalist" orientation it has prescribed and enforced for so long.
Accounts that herald the IMF's "revival" are premature and superficial.
Corruption isn't just about corrupt leaders and their private stashes. The international financial community is also part of the problem.
Heres the good, the bad, and whats next.
Among the most embarrassing, yet often overlooked economic policies of the Bush and Clinton years was the penchant for making other countries restrict capital controls, even though such controls had proved effective against financial volatility.
This contradictory document identifies financial institution failures and calls for new regulatory measures, and at the same time, salutes the free market and some of the institutions behind the financial and economic crisis.
As long as U.S. officials continue to refuse to face the reality of a post-market fundamentalist world, they will further contribute to the crisis.
Without bothering to learn from the mistakes that until recently had it desperately seeking a new mission, the IMF again is turning into the world's financial firefighter.
The November 15 economic summit isn't the best way to address many of the underlying issues that contributed to the global economic crisis in developing countries.