How Do IMF Economists Justify This?

Thomas Seay entheogens at yahoo.com
Sat Dec 29 15:43:03 PST 2001


IMF encourages debtor countries to decrease imports and increase exports (devalue currency, produce for export, etc). This might work in an individual case, but it would seem to be stupid when prescribed globally (who is going to import???) What would an IMF economist reply to such a criticism?

Thomas

===== "The tradition of all the dead generations

weighs like a nightmare on the brain of the living"

-Karl Marx

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