IMF: liberalisation may hurt poor (Bretton Woods Project)

IMF: liberalisation may hurt poor

An IMF paper co-authored by its Chief Economist Ken Rogoff warns of the effects of financial liberalisation for poor countries. There is no proof that financial liberalisation has benefited growth and it seems linked to "increased vulnerability to crises", says the report. In 1997 the IMF considered modifying its articles of agreements to include financial liberalisation but claims to have adopted a more nuanced approach in the past few years. Despite "sobering" conclusions, the report says the IMF's role is crucial to increase the benefits of globalisation.

IMF paper

Go with flows? Capital account liberalisation and poverty, Bretton Woods Project

Global finance hurts the poor, Oxfam

Fund economists whistle different trade tune News|Bretton Woods Project|12 September 2005|update 47|url
In two recent papers, Fund economists have questioned the institution's strict adherence to the free trade doctrine. read article...

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Published: 1 April 2003 , last edited: 1 January 1970

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IMF: liberalisation may hurt poor

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