Eliminating the IMF: An Analysis of the Debate to Keep, Reform or Abolish the Fund

Description

This book offers a concise but thorough analysis of the International Monetary Fund reform debate. Since the advent of the Asian financial crisis in the late 1990s, a lengthy deliberation has ensued over whether the IMF should be reformed, abolished, or left as is. The authors approach this debate from a normative perspective while looking at arguments from all sides, as well as reflecting on the history, functions, and ideology of the IMF. This unique approach gives weight to the authors’ perspectives and their conclusion that the IMF ultimately does more harm than good. Written to analyze and contribute to the current IMF debate, this Palgrave Pivot is a must-read for scholars and policymakers invested in the conversation surrounding IMF reform. Front Matter ....Pages i-xv The IMF at Face Value (Imad A. Moosa, Nisreen Moosa)....Pages 1-17 The Washington Consensus (Imad A. Moosa, Nisreen Moosa)....Pages 19-54 Conditionality and Structural Adjustment Programmes (Imad A. Moosa, Nisreen Moosa)....Pages 55-87 The IMF as an Instigator of Riots and Civil Unrest (Imad A. Moosa, Nisreen Moosa)....Pages 89-110 The Effects of IMF Operations on Social Expenditure (Imad A. Moosa, Nisreen Moosa)....Pages 111-134 Keep, Reform or Abolish? (Imad A. Moosa, Nisreen Moosa)....Pages 135-163 Epilogue (Imad A. Moosa, Nisreen Moosa)....Pages 165-172 Back Matter ....Pages 173-178