The IMF and Economic Development

The IMF and Economic Development

eBook - 2003
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"Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James Raymond Vreeland examines this question by analyzing cross-national time-series data from throughout the world. Vreeland argues that governments enter into IMF programs for economic and political reasons, and he finds that the programs hurt economic growth and redistribute income upward. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. For certain constituencies, these policies dampen the effects of bad economic performance by redistributing income. But IMF programs hurt doubly the least well-off in society: They lower growth and exacerbate income inequality."--Jacket.
Publisher: New York : Cambridge University Press, ©2003
ISBN: 9780511615726
0511615728
9781107321526
1107321522
9780521016957
0521016959
9780521816755
0521816750
Characteristics: 1 online resource (xii, 203 pages) : illustrations

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