The globalizers : the IMF, the World Bank, and their borrowers / Ngaire Woods.

Format:

Book

Author/Creator:

Woods, Ngaire, author.

Series:

Cornell studies in money.

Cornell studies in money

Language:

English

Subjects (All):

International Monetary Fund.

World Bank.

Debts, External--Political aspects.

Debts, External.

Loans, Foreign--Political aspects.

Loans, Foreign.

International finance--Political aspects.

International finance.

Physical Description:

1 online resource (266 pages) : illustrations.

Edition:

1st ed.

Place of Publication:

Ithaca, New York : Cornell University Press, 2006.

Language Note:

English

Summary:

"The IMF and the World Bank have integrated a large number of countries into the world economy by requiring governments to open up to global trade, investment, and capital. They have not done this out of pure economic zeal. Politics and their own rules and habits explain much of why they have presented globalization as a solution to challenges they have faced in the world economy."-from the IntroductionThe greatest success of the International Monetary Fund and the World Bank has been as globalizers. But at whose cost? Would borrowing countries be better off without the IMF and World Bank? This book takes readers inside these institutions and the governments they work with. Ngaire Woods brilliantly decodes what they do and why they do it, using original research, extensive interviews carried out across many countries and institutions, and scholarship from the fields of economics, law, and politics.The Globalizers focuses on both the political context of IMF and World Bank actions and their impact on the countries in which they intervene. After describing the important debates between U.S. planners and the Allies in the 1944 foundation at Bretton Woods, she analyzes understandings of their missions over the last quarter century. She traces the impact of the Bank and the Fund in the recent economic history of Mexico, of post-Soviet Russia, and in the independent states of Africa. Woods concludes by proposing a range of reforms that would make the World Bank and the IMF more effective, equitable, and just.

Contents:

Whose institutions?

The globalizing mission

The power to persuade

The mission in Mexico

Mission creep in Russia

Mission unaccomplished in Africa

Reforming the IMF and World Bank.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (pages [215]-239) and index.

Description based on print version record.

ISBN:

9780801456015

0801456010

9780801456022

0801456029

9781322504483

1322504482

OCLC:

1016816815