Umair Haque / Bubblegeneration
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Sunday, September 10, 2006

"Reform" at IMF


All the more reason for non-G7 countries to walk out of yet another "multilateral" institution.

It's about time for an alternate world economic order to emerge. There is no reason why the G4 cannot create global institutions that provide alternatives to the IMF and the WTO. After all, if competition is to be a catalyst for creating efficiency, there're no more suitable candidates for losing their relevance in the marketplace of globalization than today's sclerotic multilateral institutions such as the UN, WTO, IMF etc that have essentially just served as instruments of perpetuating the West's economic and political power and condemned the majority of the world to economic deprivation.

-- Mahashunyam // 9:30 PM // 0 comments


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