[lbo-talk] American dominance: growth or shrinkage? (was, Cultural change?)

Doug Henwood dhenwood at panix.com
Wed May 5 09:48:13 PDT 2004


Dwayne Monroe wrote:


>One day, I'm going to have to write down in detail the
>story my brother-in-law, who's S. Korean and a banking
>analyst, told me about the tactics S. Korean business
>and government officials used to deal with the IMF's
>intrusion into their economy.

When I interviewed Stiglitz, he told me that the SK's largely ignored the IMF's conditions, which is why their economy recovered.

Doug



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