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The Globalizers - The IMF, the World Bank, and Their Borrowers (Paperback)
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The Globalizers - The IMF, the World Bank, and Their Borrowers (Paperback)
Series: 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 IntroductionThe 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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