Rich countries get help. It's the way of the world

Article Abstract:

The International Monetary Fund (IMF) has taken most of the 1990s to agree on debt relief worth less than $10 billion for some of the poorest countries in the world, to be given over several years. In contrast, it will make emergency funds of up to $100 billion available to South Korea over the very short term. It seems that the richest countries will readily give to countries that are relatively well off, as they do not wish to run the risk of being affected by the economic instability of those countries. In contrast, the poorest countries continue to face very heavy debt burdens.

Ethical aspects

---

Why Asia should swallow the IMF's prescribed medicine

Article Abstract:

Many observers believe that the International Monetary Fund (IMF) has been misguided in imposing strict austerity measures on Asian countries as a condition for assisting them in overcoming the region's economic crisis. They believe that austerity measures can create recession, at least initially, and may also bring political conflict. In fact, there is little real evidence for this. In some cases, IMF-imposed austerity has actually led to economic growth. Furthermore, some economies may have weakened further if monetary and fiscal policies had not been imposed.

Economic aspects, International Monetary Fund, Economic policy, Asia

---

Similar abstracts:

• Abstracts: Dreams broken on the streets of Paris. Why we should listen to the Panzer's rumble. Why one man's beef is good for us all
• Abstracts: An economist's view of what Labour can do. What Brown should budget for after the election. Labour might have more room for manoeuvre
• Abstracts: Blair will play it cool on electoral reform. If the Unionists say no, Mr Blair should call another referendum
• Abstracts: Time to forget the day job. Gere up for a serious China smashing session. Still a daddy's girl ...
• Abstracts: Winners avoid running with the herd. Japan's crisis will be good news for some. When will the Dow peak?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.