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Title: The IMF and Economic Development by James Raymond Vreeland ISBN: 0-521-01695-9 Publisher: Cambridge University Press Pub. Date: 03 March, 2003 Format: Paperback Volumes: 1 List Price(USD): $22.00 |
Average Customer Rating: 5 (2 reviews)
Rating: 5
Summary: Is the IMF really as bad as they say?
Comment: The growing movement against neo-liberal policies needs more books like this, one that really examine if their propaganda matches up tough scrutiny. As Vreeland discusses to much of supposed statistical studies showing the harms of IMF policies mearly state "countries in IMF conditionalities do worse in criteria X than countries that do not" which he cmpares to simply saying people who go to a doctor are found to be sicker than those who do not. This book - not the final answer to the question - provides a first good study of the effects of IMF programs. While he dose find that IMF programs do negatively effect growth I believe many who have organized against the IMF will be surprised by how small the difference is. His findings that the programs exacerbate economic inequality are hardly new yet are a nice new addition to the literature. Most interesting - and where this book is a serious and importantant contribution is inhis studies on the what determines a countries participation in the IMF program. Combiming anecdotal evidence, logical anlysis and statistical studies he shows that it is largely determined by desire of the executive branch to have the conditions imposed on their country. To the extent that this is accuarate then the anti-IMF movement might need to rewrite its propaganda of the IMF being about class war of the first world nations against the third world countries to being about class war from the world capitalist against the world's workers.
Rating: 5
Summary: Sound Analysis
Comment: In this book Vreeland offers a cogent analysis of why governments enter into IMF agreements, and identifies startling effects of the effect of such programs on host country economic performance.
Unlike Stiglitz in "Globalization and Its Discontents," Vreeland takes a quantitative approach in measuring the effects of IMF programs. His work seems less concerned with the empty rhetoric that surrounds the anti-globalization movement that have pre-occupied many IMF crtics, and instead draws heavily upon statstical evidence.
Not the only book published recently about the IMF in academia, but certainly one of the better ones.
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Title: Lending Credibility : The International Monetary Fund and the Post-Communist Transition by Randall W. Stone ISBN: 0691095299 Publisher: Princeton Univ Pr Pub. Date: 24 June, 2002 List Price(USD): $21.95 |
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Title: Globalization and Its Discontents by Joseph E. Stiglitz ISBN: 0393324397 Publisher: W.W. Norton & Company Pub. Date: April, 2003 List Price(USD): $15.95 |
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Title: The Chastening: Inside the Crisis That Rocked the Global Financial System and Humbled the Imf by Paul Blustein ISBN: 1586481819 Publisher: PublicAffairs Pub. Date: 13 May, 2003 List Price(USD): $18.00 |
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Title: The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics by William Easterly ISBN: 0262550423 Publisher: MIT Press Pub. Date: 08 August, 2002 List Price(USD): $19.95 |
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Title: Global Capital and National Governments by Layna Mosley ISBN: 0521521629 Publisher: Cambridge University Press Pub. Date: 15 December, 2002 List Price(USD): $25.00 |
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