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The IMF and Economic Development PDF

215 Pages·2003·0.622 MB·English
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by James Raymond Vreeland| 2003| 215 pages| 0.622| English

About The IMF and Economic Development

Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James 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 doubly hurt others who are less well off: They lower growth and exacerbate income inequality.

Detailed Information

Author:James Raymond Vreeland
Publication Year:2003
ISBN:9780511615726
Pages:215
Language:English
File Size:0.622
Format:PDF
Price:FREE
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