Globalization by Greg Buckman

Author:Greg Buckman
Language: eng
Format: epub
Publisher: Zed Books

The future of the IMF, the World Bank and the WTO

Given that the Fair Trade/Back to Bretton Woods school has a belief that the world economic system powered by the World Bank, the International Monetary Fund and the World Trade Organization could work well, if only its politics and rules allowed it, it is not surprising that, generally, the school does not support wholesale scrapping of the World Bank, the IMF and the WTO but instead supports their major reform. If the system, in general, can work given the right parameters, then so too could its public institutions, the school believes. The school doesn’t deny that these public world economic institutions have overstepped the mark in the past but it doesn’t see that as sufficient reason to get rid of them.

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