Category Archives: IMF

This category considers publications from the International Monetary Fund.

If Africa is rich – why is it so poor?

When I was a student, that is, formally studying for degrees rather than the constant-learning approach which makes us permanent students, I was very interested in development economics and have carried that into the career phase of my work, including … Read the rest of this entry »

Posted in Economics, IMF | 33 Comments

Greece still should exit and escape the grip of the vandals

Greece is back in the news as the IMF, the Germans and the European Commission slug it out pretending to talk tough and propose solutions to the Greek tragedy. There is no solution of course. All the debate about whether … Read the rest of this entry »

Posted in Eurozone, IMF, US economy | 28 Comments

MMT predicts well – Groupthink in action

This blog will be a bit different from my normal fare. It provides insights into how entrenched a destructive and mindless neo-liberal Groupthink pervades the economics profession. For the last several years I have been on the ‘expert’ panel for … Read the rest of this entry »

Posted in Debriefing 101, IMF | 26 Comments

The case against free trade – Part 2

This blog continues my mini-series of free trade. In The case against free trade – Part 1 – I showed how the mainstream economics concept of ‘free trade’ is never attainable in reality and so what goes for ‘free trade’ … Read the rest of this entry »

Posted in Demise of the Left, IMF | 6 Comments

Reforming the international institutional framework – Part 3

As I noted in the first two parts of this little mini-series (can a mini-series be anything other than little), multilateral institutions such as the World Bank and the IMF have outlived their usefulness, given changes in economic conditions and … Read the rest of this entry »

Posted in Demise of the Left, IMF | 4 Comments

Pragmatic retreats into reality by the IMF will be ephemeral

On June 26, 2016, the Bank of International Settlements (BIS) published its – 86th Annual Report, 2015/16 – claimed that “there is an urgent need to rebalance policy in order to shift to a more robust and sustainable global expansion … Read the rest of this entry »

Posted in Central banking, Economics, IMF | 8 Comments

Reforming the international institutional framework – Part 2

This blog is the second part (now of three) where I discuss how the international institutional framework has to be reformed to serve a progressive agenda where rich countries (and the elites within them) do not plunder then pillory poor … Read the rest of this entry »

Posted in Demise of the Left, IMF | 9 Comments

Reforming the international institutional framework – Part 1

This blog continues the unedited excerpts that will appear in my new book (with Italian journalist Thomas Fazi) which is nearing completion. This material will be in Part 3 where we present what we are calling a ‘Progressive Manifesto’, which … Read the rest of this entry »

Posted in Demise of the Left, IMF | 8 Comments

Why capital controls should be part of a progressive policy

I am in the final stages of completing the manuscript for my next book (this one with co-author, Italian journalist Thomas Fazi) which traces the way the Left fell prey to what we call the globalisation myth and started to … Read the rest of this entry »

Posted in Demise of the Left, IMF | 15 Comments

The British Left is usurped and IMF austerity begins 1976

We left the trail last time with James Callaghan telling the British Labour Party Annual Conference on September 28, 1976 that governments can no longer spend their “way out of a recession” and that the Keynesian approach was an option … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 11 Comments