WASHINGTON: The International Monetary Fund sounded more like its critics on Monday when it admitted there is little evidence globalisation is helping poor countries.
The IMF, which has often been the target of violent anti-globalisation protests, in a new study found economic integration may actually increase the risk of financial crisis in the developing world.
"Theoretical models" show that financial integration can increase economic growth in developing countries, the research found, but in practice it is difficult to prove this link. Full: http://jang.com.pk/thenews/mar2003-daily/19-03-2003/business/b9.htm --- Sent from UnionMail Service [http://mail.union.org.za]