Abstract
It is suggested that if the work of the IMF is judged by the declared objectives of eradicating poverty, boosting growth, enhancing social expenditure and raising the standard of living, then it has been a dismal failure. However, if it is judged by the undeclared objectives of looting domestic assets, impoverishing developing countries, imposing neoliberal ideas on developing countries and having free access for the corporate “west” to sources of raw materials and markets, then it has been a spectacular success. It seems that IMF operations have set the standard for how to do things effectively, efficiently and successfully.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Friedman, B. (2002, August 15). Globalization: Stiglitz’s Case. The New York Review of Books. https://www.nybooks.com/articles/2002/08/15/globalization-stiglitzs-case/
Ismi, A. (2004). Impoverishing a Continent: The World Bank and the IMF in Africa. Halifax: The Halifax Initiative Coalition.
Krishnan, G. (2016, May 15). Exposing the IMF and World Bank – Organizations that are Systematically Controlling and Crippling the World Economy Through Neoliberalism. https://www.linkedin.com/pulse/exposing-imf-world-bank-organizations-controlling-economy-krishnan
Palast, G. (2001, April 29). IMF’s Four Steps to Damnation. The Guardian. https://www.theguardian.com/business/2001/apr/29/business.mbas
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Moosa, I.A., Moosa, N. (2019). Epilogue. In: Eliminating the IMF. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-05761-9_7
Download citation
DOI: https://doi.org/10.1007/978-3-030-05761-9_7
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-05760-2
Online ISBN: 978-3-030-05761-9
eBook Packages: Economics and FinanceEconomics and Finance (R0)