While no panacea, they are legitimate policy tools for preventing and mitigating financial crises.
Once again, the U.S. seems to prefer the devil it knows in President Ben Ali.
The brouhaha over “global re-balancing” boils down to this: Americans buy too much stuff from China.
The French President is standing tough in his push to increase taxes on the financial sector.
The U.S. and India should not sign a treaty that will only serve the short-term interests of large corporations, and undermine the authority of governments to protect their people from financial crisis.
The IMF’s stated mission is to create and maintain macro-economic stability and to assist countries having solvency issues with their balance of payments. There are those who assert that the IMF is actually a destabilizing force within the global economy, while others believe that the countries themselves are to blame for poor economic choices. In a provocative contest of perspectives and analysis Rick Rowden, a long time critic of IMF policy will challenge Eugene Nyambal, former Senior Advisor to Executive Director at the Board of Directors of the IMF.
The Greek economic crisis is not about living beyond one’s means, reports columnist Walden Bello from Athens. It’s the same story of unregulated financial speculation all over again.
A state of civil war exists in Thailand, reports columnist Walden Bello, and it has much to do with class.
Civil society proposals to fix the global financial system would benefit ordinary people in impoverished countries and in the United States.
The IMF has introduced reforms with some positive features. But it has not questioned, much less shifted away from, the “market-fundamentalist” orientation it has prescribed and enforced for so long.
Accounts that herald the IMF’s “revival” are premature and superficial.
Corruption isn’t just about corrupt leaders and their private stashes. The international financial community is also part of the problem.
Heres the good, the bad, and whats next.
Among the most embarrassing, yet often overlooked economic policies of the Bush and Clinton years was the penchant for making other countries restrict capital controls, even though such controls had proved effective against financial volatility.
A new report finds that bans on capital controls are outdated and a hindrance to developing nations.