Global Governance articles from October 2006

Global Governance archives from October 2006

The decline of the IMF: is it reversible? Should it be reversed?(GLOBAL INSIGHTS)(International Monetary Fund)
October 1, 2006... The venue had been chosen thoughtfully. In a speech delivered in New Delhi, capital of an emerging Asian economic power, Mervyn King, governor of the Bank of England, called for a radical reform of the International Monetary Fund (IMF). In...

The IMF today and tomorrow: some civil society perspectives.(GLOBAL INSIGHTS)(International Monetary Fund)
October 1, 2006... The question regarding the International Monetary Fund (IMF) for many civil society organizations is whether the organization is worth salvaging. Certainly the IMF is in trouble. This article offers a North-South perspective on current problems...

The evolving international monetary order and the need for an evolving IMF.(GLOBAL INSIGHTS)(International Monetary Fund )
October 1, 2006... Earlier this year, Martin Wolf of the Financial Times used his column to pose an interesting question: If the International Monetary Fund did not exist, would we invent it? (1) His answer, at the risk of oversimplifying, was no, because today's...

Understanding pathways through financial crises and the impact of the IMF: an introduction.(International Monetary Fund)
October 1, 2006... The International Monetary Fund is often perceived as imposing harsh policies on countries facing financial crisis. A comparison of six countries affected by the pressures of the 1990s suggests more subtle effects. In Malaysia, India, and South...

Pathways through financial crisis: Indonesia.
October 1, 2006... This article examines economic policymaking in Indonesia from the eve of the 1997 financial crisis to 2005 and asks whether engagement with the IMF widened or narrowed the choices available to Indonesian policymakers. It argues that engagement...

Pathways through financial crisis: India.
October 1, 2006... India survived near-crisis situations twice in the 1990s. How did internal and external constraints shape that country's ability to respond to the crises? This article argues that India's success can be attributed to four sets of decisions...

Pathways through financial crisis: South Africa.
October 1, 2006... When apartheid ended in South Africa in 1994, the incoming democratic administration inherited a political system, economy, and social system infrastructure in profound crisis, as well as an external financial crisis. It did not borrow from the...

Pathways through financial crisis: Turkey.
October 1, 2006... Turkey's deep financial crisis in 2000-2001 implicated the International Monetary Fund program, adopted in 1999, while the IMF was associated with the successful 2001 recovery program. This article, through studying three critical...

Pathways through financial crisis: Argentina.
October 1, 2006... By the end of 2001, Argentina faced economic recession, a collapse in its banking system, and an external sovereign debt crisis. While preemptive action earlier in the year might have made one or more of these crises less severe, preemption was...

Pathways through financial crisis: Malaysia.
October 1, 2006... Malaysia did not turn to the International Monetary Fund for assistance when pressure from the 1997-1998 East Asian financial crisis hit the country. The country was less vulnerable than its neighbors, not least because it had earlier imposed...

Reform or reinvent? The IMF at a crossroads.
October 1, 2006... This article reviews four recent publications on the Bretton Woods institutions with a focus on how commentators perceive and address the current crisis of legitimacy affecting these multilateral financial organizations, notably the challenges...