The Globalizers by Ngaire Woods

The Globalizers by Ngaire Woods

The greatest success of the International Monetary Fund and the World Bank has been as globalizers. But at whose cost? Would borrowing countries be better off without the IMF and World Bank?

After World War II, the winning powers created the IMF, to bring stability to the international monetary system, and the World Bank, to channel investment into development and reconstruction projectsWoods examines both institutions and how they have preformed these roles in regard to underdeveloped borrower nations. She chronicles the involvement of the IMF and the World Bank with Mexico, Russia, and sub-Saharan Africa. In a very balanced analysis, she shows that both institutions have failed in many instances to improve the lot of such countries, too often promoting policies to please their powerful shareholder nations such as the United States while failing to understand and deal with the special needs of borrower nations. She concludes by recommending six reforms for the two institutions to make them more open and equitable in their advertising and lending.

* Library Journal *

Perhaps mirroring public debate on the issue, scholarship on the role of the IMF and the World Bank in economic development has often treated these institutions as mere conduits of U.S. interest. In The Globalizers, Ngaire Woods seeks to amend this perception, offering a rich account of their activities that emphasizes the inner workings of these institutions and their negotiations with policymakers in developing countries. As such, The Globalizers provides an invaluable look at the processes that shape the IMF and World Bank's role in the global economy.

* International Studies Review *

Ngaire Woods is a Tenured Fellow at University College, Oxford, and Director of the Global Economic Governance Programme at Oxford University. She is the editor of The Political Economy of Globalization and Explaining International Relations since 1945 and the coeditor of Inequality, Globalization, and World Politics.

SKU	Unavailable
ISBN 13	9780801474200
ISBN 10	0801474205
Title	The Globalizers
Author	Ngaire Woods
Series	Cornell Studies In Money
Condition	Unavailable
Binding Type	Paperback
Publisher	Cornell University Press
Year published	2007-10-18
Number of pages	272
Prizes	Winner of A 2006 Choice Magazine "Outstanding Academic Title.
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.