[PDF] The Imf And Its Critics eBook

Author : David Vines
Publisher : Cambridge University Press
Page : 470 pages
File Size : 23,73 MB
Release : 2004-02-26
Category : Business & Economics
ISBN : 1139449753

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The IMF is the first economic institution in line to protect countries from the effects of financial crises and to insulate the world economy from possible systemic risk. However, many argue that the IMF is insufficiently equipped to do this job, while others argue almost the opposite: the IMF's well-intentioned actions induce other countries to take risks which increase their exposure from both universities and the multilateral agencies, combines rigourous economic analysis with insider perspectives on key policy debates. It analyses the Asian and Argentine financial crises of the late 1990s, issues of policy ownership, the more general quest for financial stability and governance of the IMF. It is an essential reference for anyone interested in the role of international financial institutions in our globalised economy.

Author : John W. Head
Publisher :
Page : 0 pages
File Size : 21,13 MB
Release : 2008
Category :
ISBN :

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This article describes, classifies, and evaluates key criticisms that are directed at the International Monetary Fund ("IMF"). Some of these criticisms are substantive in character, claiming that the IMF prescribes economic and financial policies that hurt, not help, its borrowing member countries, or that IMF operations place crushing burdens on the poor and cause serious non-economic injury (for example, environmental degradation). Some of the criticisms are institutional or constitutional in character, denouncing the IMF for a lack of transparency and accountability, or arguing that the IMF perceives its role more broadly that its charter allows, or complaining that it exempts its rich and powerful member countries from the very kinds of performance requirements that it demands of its poorer borrowing member countries. The author examines these criticisms and explains why some are valid but others are misplaced or outdated and may therefore be dismissed. The valid criticisms, he says, could form a basis for further reforms in the IMF. In particular, he calls for two types of initiatives: (i) adopting structural reforms that will bring more accountability, legitimacy, and equity to the IMF and its operations; and (ii) adopting substantive reforms that will strengthen the IMF's role in improving the competence of national governments to handle the economic challenges of an interconnected world.

Author : Philippe Aghion
Publisher : Harvard University Press
Page : 401 pages
File Size : 48,55 MB
Release : 2021-04-20
Category : Business & Economics
ISBN : 0674971167

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From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity. To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
Page : 305 pages
File Size : 47,57 MB
Release : 2003-04-17
Category : Business & Economics
ISBN : 0393071073

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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

Author : Benn Steil
Publisher : Princeton University Press
Page : 480 pages
File Size : 17,29 MB
Release : 2013-02-24
Category : Business & Economics
ISBN : 0691149097

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Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.