Washington Post on A16
Brad De Long
delong at econ.Berkeley.EDU
Wed Apr 19 22:14:26 PDT 2000
>. . . The discerning
>reader may judge whether what follows corresponds to BDL's
>bleak panorama of brainless dissent.
>
>mbs
>
>April 13, 2000 Issue Brief #141
>
>MELTZER REPORT MISSES THE MARK
>Commissions recommendations for World Bank, IMF need further consideration
>
>by Christian Weller
>
>What should the global financial architecture look like, and who should be
>playing a role in shaping it? . . .
>
>[cut to chase]
>
>Redesigning the international financial institutions
>The IMF and World Bank have been criticized for their mishandling of
>financial crises and the ineffective design and implementation of
>development projects, providing an impetus to reform these and other
>international financial institutions (IFIs). Fortunately, the issue is no
>longer whether, but how these institutions should be reformed.
>
>New and improved IFIs are needed, requiring a reconsideration of the IMF and
>World Banks policies and operations....These policy changes include:
Weller is smart, but is part of the (tiny) pro-IMF and pro-IFI
movement, not the main channel of the left--the one that Seth calls
the anti-IFI movement. In short, I count Weller as mine, not yours
(whoever "you" are :-) )...
Is there space for a political platform that would quadruple the
IMF's resources and require it to worry about the maintenance of near
full employment during structural adjustment? I don't see it...
Brad DeLong
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