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Challenges To The World Bank And IMF: Developing Country Perspectives
Author: Ariel Buira
This challenging and unique new volume examines some of the most burning issues
on the economic agenda in the world today. Bringing together some of the
foremost authorities in their fields, this book is the result of work carried
out on behalf of the G24, the world’s only research effort devoting to
furthering the interests of developing countries and bringing their needs to
global attention. Nowhere is the voice of the developing countries expressed so
cogently and powerfully as in the essays contained in this volume. Challenging
the existing mechanisms for the governance of the world economy, the chapters in
this book consider the current approaches of the World Bank and IMF, and the
operations of financial markets, and offer alternative proposals for the
effective participation of developing countries. In doing so, the volume ranges
from discussions on reforming the IMF and its conditionality, debt workouts and
restructuring, through management of capital flows, debt sustainability and
insurance against crisis, to Millennium Development Goals and the ‘global
partnership development’.
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About the
Editor
Ariel Buira is the Director of the
G24 Secretariat. He has been Special Envoy of the President of Mexico for the UN
Conference on Financing for Development, Ambassador of Mexico, Member of the
Board of Governors of the Bank of Mexico and Executive Director of the IMF. His
publications include The IMF and the World Bank at Sixty (Anthem, 2005)
and Reforming the Governance of the World Bank and the IMF (Anthem,
2005).
New Rules Event
December
17, 2003 -
Book Launch "Challenges to the IMF and World Bank: Developing Country
Perspectives" (Washington, DC, USA)
Praise for
Challenges to the IMF and World Bank
"Incisive and powerful...Challenging
the World Bank and the IMF is a unique book, providing the reader with a
collection of highly professional papers from the perspective of developing
countries, covering their economic problems and their relations with
International Financial Institutions." Claudio M. Loser, Inter-American
Dialogue
"This is a very refreshing and
through critique of today's development orthodoxy represented by the World Bank
and the IMF. The combination of iconoclastic perspectives and detailed knowledge
of the subject matter makes it particularly powerful" Ha-Joon Chang,
Assistant Director of Development Studies, University of Cambridge, UK
"This is a challenging and timely
book by a distinguished cast of scholars, analysing the philosophy, governance,
political economy and effectiveness of the two premier global economic
institutions. It robustly criticizes their unquestioning reverence for free
markets, their political economy and governance, and their methodology and
effectiveness. Of the recent analysis of the two institutions, this is clearly
one of the most rigorous, balanced and coherent. A "must" for development
specialists and students." Sanjaya Lall, Professor of Development Economics,
International Development Centre, Oxford, UK
Table of Contents
Contributors to this volume
Foreword - Dani Rodrik
INTRODUCTION
Introduction
Ariel Buira
1. The Governance of the IMF in a
Global Economy
Ariel Buira
2. Who pays for the IMF?
Aziz Ali Mohammed
3. An Analysis of IMF Conditionality
Ariel Buira
4. Achieving Long-Term Debt
Sustainability in Heavily Indebted Poor Countries (HIPCs)
Bernhard Gunter
5. The Poverty Reduction Strategy
Paper Approach: Good Marketing or Good Policy?
Jim Levinsohn
6. Capital Management Techniques in
Developing Countries
Gerald Epstein, Ilene Grabel and
KS Jomo
7. International Reserves to
Short-Term External Debt as an Indicator of
External Vulnerability: The
Experience of Mexico and Other Emerging Economies
Javier Guzman and Rodolfo Padilla
8. Mechanisms for Dialogue and
Debt-Crisis Workout that Can Strengthen Sovereign Lending to Developing
Countries
Barry Herman
9. Developing a Global Partnership
for Development
Martin Khor
10. International Financial
Institutions and International Public Goods: Operational Implications for the
World Bank
Ravi Kanbur
Index
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Other
Books on this topic edited by Ariel Buira.
Reforming the Governance of the IMF and the World Bank. Edited by Ariel Buira
for the G24 Research Program. September 2005
The IMF
and the World Bank at Sixty. Edited by Arial Buira for the G24 Reserach Program.
May 2005
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