WB and IMF

J. Barkley Rosser, Jr. rosserjb at jmu.edu
Thu May 25 12:18:26 PDT 2000


Doug,

So, the issue really is world capitalism. Would it make a difference if the WB did grants rather than loans?

Also, I note that the only countries that can seriously talk about economic development, even within a socialist mode, without exporting (much) are very big countries, e.g. Russia and China and India (and maybe the US or Brazil). Smaller ones were part of the CMEA trading system with the USSR in the actually existing days. Arguably much is worse in China since it shifted to exporting, but it is certainly growing more than it did before, and the same holds for India. Barkley Rosser



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