O'Neill: "WB has driven poor countries into a ditch"

Patrick Bond pbond at wn.apc.org
Fri Feb 22 06:48:02 PST 2002


I'm just dashing now to the airport and won't be online for a week or so... but...

----- Original Message ----- From: "Seth Ackerman"
>You're not talking about
> medium-income countries, are you?

Yes, especially South Africa (where the red carpet was rolled out for FDI and we got NEGATIVE net FDI since 1994), and South Korea (which kept FDI well OUT of the country until the disastrous OECD-joining in1990), and everywhere inbetween, no? Just ask our Argentine readers what FDI via privatisation did to them!



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