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The IMF: A Cure or a Curse?

Devesh Kapur
Foreign Policy
No. 111 (Summer, 1998), pp. 114-129
DOI: 10.2307/1149382
Stable URL: http://www.jstor.org/stable/1149382
Page Count: 16
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The IMF: A Cure or a Curse?
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Abstract

Just one year ago, the IMF praised parts of Asia as a model for the world's emerging markets. Now, it blames the region's financial crash on poor domestic policies and insists on stringent, sweeping changes. But a look at the IMF's history suggests it could use a little structural adjustment of its own.

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