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IMF, World Bank & Trade

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The failure of the IMF, World Bank and WTO to represent and further the interests of the developing world, through their one-size-fits-all approach, has lead to the collapse of trade negations, widespread criticism of their effectiveness, and bitter international protest. Many countries are rejecting the neoliberal ideologies of the ‘unholy trinity’ with intensifying calls for their reform or decommissioning.

Latest Articles

Winners and Losers: The Human Costs of "Free" Trade

As international commerce expands, the costs are often borne by people at the bottom of the economic ladder. If they have to cross borders in search of their livelihood, trade can become a driver of increased migration, explains Peter Costantini.

Time to Kill Off Doha

WTO director general Pascal Lamy's claim that the poorest will benefit from the conclusion of the Doha round is utterly without foundation. The negotiations should be abandoned and a new process put in place to undo the damage of past trade liberalisations, argues John Hilary.

IMF: Back From the Dead

With a new lease on life in the wake of the financial crisis, the IMF is now enforcing damaging economic reforms on those countries already struggling with the effects of the collapse. Instead, such harsh restructuring should be applied to the institution itself, writes Jayati Ghosh.

Doing a Decent Job? IMF Policies in Times of Crisis

The IMF claims to have become more flexible in its lending requirements to cash-strapped countries. Yet as this joint report indicates, the Fund is still imposing inappropriate conditions on borrowers that will erode social protection for the poor.

The G20 Fantasy

Whilst the richest countries remain firmly in control of the IMF and World Bank, replacing the G8 with the G20 will have little impact on the balance of global economic power. Meaningful reform of the world economy is still a long way off, argues Mark Weisbrot.

Time to Ditch the Dollar

The push to replace the US dollar as the global reserve currency is growing, but what is the alternative? A new global framework must be established outside the IMF based on shared responsiblity, argues Nick Dearden.

Multilateral Money

At the London summit, the G20 called for $250 billion worth of SDRs to be injected into the global economy. Yet most of these resources won't reach the poorest countries, since they will be allocated on the basis of IMF quotas determined by the size of countries' economies, says Soren Ambrose.

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