10 Reasons to Abolish the IMF and World Bank, by Kevin Danaher (PB, 2001, $1.50)
What a difference 10 years makes. Now no one is asking that the IMF be abolished. Indeed, many in the world want to enlarge the IMF as a way to deal with the European mess. There are other ironies here. Many third world countries are doing better economically than the developed ones.Their economies have become more diversified, and their balance sheets look better. Some of them are even having their credit ratings increased, while many countries in Europe, as well as the USA, have been downgraded.
This doesn't mean that the points of this book are inaccurate, just that the world's needs are more pressing. But when will it be a good time to look at the problems with the IMF? Ah.... Isn't that the question.
The IMF ,though, had listened to its critics. The IMF requirement for assistance had loosened somewhat, and it had taken a more consulting role, or at least it did until Greece "happened". As always, time will tell. Look for this book in the economics section, avail. 2/1.
