World Bank's Policies on Assisting Third World Nations

Summary

Last twenty years, the International Monetary Fund (IMF) is the target of severe criticism. The IMF is not harmful because it spreads the Western capitalist system, but because, on the contrary, it destroys the foundations of capitalist development. It then calls for a reorientation of policies outside the "market logic". The political and economic dependence of Africa does not come from the wrong direction of current policies of the IMF and it cannot be rectified by a change in these policies. As one of the institutions of the Bretton Woods system, the ...