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2 Bretton Woods and the Debate about Development
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AbstractThis chapter examines the evolution since the Bretton Woods conference of the IMF's approach to problems of low income countries. In particular, it seeks to locate that approach within the debate among economists about whether there is a special ‘development economics’. In that context, it examines the IMF's approaches to inflation, the ‘twin gaps’, fiscal issues, external debt issues, and exchange rate policy choice.
Title: 2 Bretton Woods and the Debate about Development
Description:
AbstractThis chapter examines the evolution since the Bretton Woods conference of the IMF's approach to problems of low income countries.
In particular, it seeks to locate that approach within the debate among economists about whether there is a special ‘development economics’.
In that context, it examines the IMF's approaches to inflation, the ‘twin gaps’, fiscal issues, external debt issues, and exchange rate policy choice.
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