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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 without the IMF and World Bank? This book takes readers inside these institutions and the governments they work with. Ngaire Woods brilliantly decodes what they do and why they do it, using original research, extensive interviews carried out across many countries and institutions, and scholarship from the fields of economics, law, and politics.
The Globalizers focuses on both the political context of IMF and World Bank actions and their impact on the countries in which they intervene. After describing the important debates between U.S. planners and the Allies in the 1944 foundation at Bretton Woods, she analyzes understandings of their missions over the last quarter century. She traces the impact of the Bank and the Fund in the recent economic history of Mexico, of post-Soviet Russia, and in the independent states of Africa. Woods concludes by proposing a range of reforms that would make the World Bank and the IMF more effective, equitable, and just.
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This timely book offers the first critical examination of World Bank policy reforms and initiatives during the past decade.
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Franciscus Junius the Younger (1590-1677) was initially employed by the Earl of Arundel as a tutor to his son and heir. When the Earl discovered Junius's talents, he commissioned him to restore ...
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Who really runs the global economy? The triad of "governance institutions"--The IMF, the World Bank and the WTO. Globalization hugely increased these undemocratic institutions’ power, ...
Our lives are all affected by three hugely powerful and well financed, but undemocratic, organizations: the International Monetary Fund, the World Bank and the World Trade Organization. These ...
An expose of the scandalous record of the World Bank and IMF.
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