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Article: Against IMF "Realism".(Brief Article)
- Article from:
- Multinational Monitor
- Article date:
- April 1, 2000
CopyrightCOPYRIGHT 2000 Essential Information, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IT IS VERY HARD to say anything new and interesting about structural adjustment.
The sadistically cruel impact on the developing countries of International Monetary Fund (IMF) and World Bank administered structural adjustment - the Reaganomics-like economic policy package including measures such as privatization, government budget slashing and opening up to foreign investment -- has long been evident. Indeed, when we editorialized about this topic 10 years ago ["Brutal Banking," Multinational Monitor, April 1990 -- reprinted on the next page], we began by asking "How many times does it have to be said? Structural adjustment doesn't work."
Another ...