IMF's steps to damnation
Gregory Palast gives a beautiful account of IMF's strategy.
(Visit: http://pilger.carlton.com/globalisation/articles)
Joseph Stiglitz, ex-chief economist world bank, says that the Bank's meeting concludes with a meeting with a begging finance minister. After analysing the country's economy every country is handed over the same 4 point strategy viz privatisation, capital market liberalisation, market-based pricing, free trade.
Did any nation avoid this fate? Yes, said Stiglitz, Botswana. Their trick? 'They told the IMF to go packing.' 'It's a little like the Middle Ages,' says Stiglitz, 'When the patient died they would say well, we stopped the bloodletting too soon, he still had a little blood in him.'
for more on Botswana Vs IMF visit
http://www.theglobalist.com/StoryId.aspx?StoryId=2507
(Visit: http://pilger.carlton.com/globalisation/articles)
Joseph Stiglitz, ex-chief economist world bank, says that the Bank's meeting concludes with a meeting with a begging finance minister. After analysing the country's economy every country is handed over the same 4 point strategy viz privatisation, capital market liberalisation, market-based pricing, free trade.
Did any nation avoid this fate? Yes, said Stiglitz, Botswana. Their trick? 'They told the IMF to go packing.' 'It's a little like the Middle Ages,' says Stiglitz, 'When the patient died they would say well, we stopped the bloodletting too soon, he still had a little blood in him.'
for more on Botswana Vs IMF visit
http://www.theglobalist.com/StoryId.aspx?StoryId=2507
posted by Sartaj Singh at 2:39 AM
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