Business Services Industry

`IMF made E. Asia recession deeper, longer and harder', BUSINESS TIMES

Business Times (Malaysia), May, 2000 by Hardev Kaur

Business Times (Malaysia) 05-22-2000 WHEN Prime Minister Datuk Seri Dr. Mahathir Mohammed took to task the Bretton Woods institutions - the International Monetary Fund (IMF) and the World Bank - for causing more harm than good to developing countries, his views were disregarded and he was labeled a "mad man".

Dr. Mahathir, the outspoken leader of a developing country, supposedly did not know what he was talking about. After all, the IMF and World Bank had been in the "business" for almost 50 years. They should know their job better. Right? Well, not so as it turns out. And what's worse, the Fund does not even follow its own advice on transparency and openness. One of "the Insiders", Mr. Joseph Stiglitz, former chief economist and vice president...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement