IMF Programmes in Developing Countries
Author Description
As linchpin of the global financial system, the International Monetary Fund provides balance of payments support, chiefly to developing countries, conditional on strict remedial policy measures. Its approach to policy remains highly controversial, however. While the Fund claims it has adapted, critics allege its policies are harshly doctrinaire, imposing hardships on already poor people. For the critics, the half-century of its existence is 'fifty years too long' and radical change is essential. This book examines the arguments, tracing the extent of Fund adaptation, presenting major new evidence on the consequences of Fund programmes, and considering its future role.
Menrva's Summary
THE THESIS
This book investigates the efficacy and impact of International Monetary Fund (IMF) conditional lending programs within developing nations. Tony Killick, a noted economist specializing in development and international finance, utilizes historical data and policy analysis to evaluate whether the Fund has successfully adapted its strategies or if its conditionalities continue to impose undue hardship on vulnerable populations.
THE SCOPE MAP
What You Will Find
- Historical analysis of IMF balance of payments support over its first fifty years.
- Evaluation of the controversy surrounding conditional policy measures.
- Empirical evidence regarding the socio-economic consequences of Fund-mandated reforms.
- Assessment of the future role and potential for institutional reform within the global financial system.
THE AUTHORITY PERSPECTIVE
Experts recognize this work as a balanced, evidence-based critique of international financial institutions. Scholars frequently cite the text for its objective examination of the tension between macroeconomic stability and the social costs of structural adjustment programs.
Page Count:
212
Publication Date:
1995-01-01
Publisher:
Routledge
ISBN-10:
0203400887
ISBN-13:
9780203400883
Economics
International relations
Finance
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