From Crisis to a New Architecture?
I have looked at the general logic of the IMF’s new role in financial globalization against the background of Bretton Woods responses to the Great Depression (Part I) and explored the political economy of current practice through case studies of the Asian crisis (Part II). It is now time to draw together the lessons learnt. This chapter will provide a critical evaluation of the Fund’s new role, explore the politics that shape it and use the lessons drawn to assess post-crisis reforms and the new international financial architecture.
KeywordsDepression Europe Malaysia Argentina Stake
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