IMF and World Bank influence on third world economies

Post #25,743 by Silverlock 1/25/02 2:59:07 PM Reply	IMF and World Bank influence on third world economies Disruptive. Devastating. Destabilizing. It appears the only ones being "helped" by these organizations are the countries who don't need the help. Free markets? Utter [link\|http://www.alternet.org/story.html?StoryID=12285\|crap]. After 300 years of political colonialism they get upgraded to economic colonialism. When I visit the aquarium, the same thought keeps running through my mind; Leemmmooonnn, Buuttteerrr, MMMmmmmmm good!
Post #25,746 by a6l6e6x 1/25/02 3:39:27 PM Reply	As part of a cruise, I've been to Jamica twice. The second time to avoid a hurricane. The cruise excursions pretty much insulate you from the local economy and all but the local tour guides. Visiting Dunn's River Falls near Ocho Rios is the one spot where one is obligated to walk through a local artists market. The desperation of the vendors is quite unsettling. Alex Men never do evil so completely and cheerfully as when they do it from religious conviction. -- Blaise Pascal (1623-1662)
Post #25,763 by tonytib 1/25/02 4:45:09 PM Reply	A lot of blame has to do with the governments themselves after all, some countries have done quite well (Japan, Taiwan, Singapore, Korea etc in the far east, Chile in South America), while others are chronic basket cases. IIRC, Jamaica has gotten a lot worse in the last 20 years or so. However, this doesn't mean that the whole European/American/IMF/WB approach to "helping" poorer countries doesn't need major revision. Tony
Post #25,903 by boxley 1/26/02 8:53:14 PM Reply	IMF and the world bank is a money laundry for bad american bank loans. Bank America was awash in bad loans to countries whose leaders socked it away in Swiss accounts. The people are obligated to repay, if not they invite the IMF to be the enforcers/leg breakers of this bad deals with the american taxpayers paying the writeoffs of these crap loans. thanx, bill My Dreams aren't as empty as my conscience seems to be
Post #25,995 by marlowe 1/27/02 10:31:59 PM Reply	Maybe the Third World isn't ready for economies... above the level of trading livestock for wives in the village square. But how will they ever get to that level without some practise? If they were capable of advancing themselves, they'd have done it by now. Sheesh. These guys had thousands of years before the white man came along. What were they doing all that time, besides maintaining rigid population control by means of intertribal genocide? Okay, the West was doing more or less the same thing during much of that time. But we finally wised up. And we wised up first. The least they could do is follow our example. Japan took that route, and it hasn't worked out too badly for them. I'm not sure the WTO and World Bank are the answer, though. There's too many Eurotrash involved in running those things, and too much wishful thinking used to justify them. [link\|http://www.angelfire.com/ca3/marlowe/index.html\|http://www.angelfir...e/index.html] Sometimes "tolerance" is just a word for not dealing with things.
Post #25,998 by Steve Lowe 1/27/02 11:06:47 PM Reply	Credit Cards It's like a bunch of irresponsible adults that discover credit cards, and snowball themselves into credit hell. Heck, the IMF probably sends them direct mail marketing pieces like: PREAPPROVED!!! Because of your good credit standing in the world area, you've been preapproved for the IMF Platinum World Card Deluxe! Just sign below, and your card with with a $XXX million credit line will be on its way. or maybe: HURRY, WHILE RATES ARE STILL LOW! Call the World Bank today for your immediately issued Country Equity loan! Use it for any purpose: infrastructure improvements, feeding the people, and yes, even building your military! Your choice, you get to choose what you spend the money on! We'll even loan more than your COuntry is worth, up to 500% more! Act today, because people smarter than us are about to shut us down. Fine Print: By accepting this offer, You agree to indentured servitude to World Bank, IMF, their holdings, backers, subsidiaries, their children, their children's children, and their pets. In perpetuity, forever, and ever. Amen. ----- Steve

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