3 ms·
The World Bank and the IMF have led to flawed outcomes in some places, but they’ve also led to phenomenal outcomes (e.g. the Four Asian Tigers, post-war Europe,
by FormerBandmate 5y ago
The World Bank and the IMF have led to flawed outcomes in some places, but they’ve also led to phenomenal outcomes (e.g. the Four Asian Tigers, post-war Europe, and Greece recently). Their failures are largely the fault of elite preconceptions rather than open malice
- rayiner 5y agoWhen World Bank and IMF policies fail it’s more often than not due to the lack of political and personal virtue in the implementing countries.