Open Left

The IMF

has caused enourmous problems which are amply spelled out in Joseph Stiglitz's book "Globalization and its Discontents"

The US does not run the IMF. In fact by tradition the head of the IMF is a European, and though we certainly have the most influence of any single country, we cannot impose change by ourselves.  With the collapse of the Washington Consensus, one would hope the IMF would realize that the economic programs it has been peddling are wrongheaded.  Changing that, though, will not be easy.  

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by: fladem @ Tue Jun 16, 2009 at 14:32:19 PM CDT