POLI 358 Lecture Notes - Lecture 18: Michel Camdessus, Moral Hazard, Geopolitics
26 Apr 2019
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Document Summary
Poli 358 lecture 18: imf conditionality and development. Does the imf affect development: countries that receive a loan don"t necessarily perform better, why does the imf , which is supposed to help countries grow, perform lowly. Imf conditionality and power: related to the geopolitics, related to the roles of the main shareholders- us and eu- how they can weaken conditionality and also enforcement of potential policies that could effect development. Imf conditionality and domestic politics: not only a function of preferences of large powerful countries, not only a function of how serious and systemic the crisis is but also a function of domestic politics of borrowing countries. The politics of the imf: leading countries- main shareholders- us and eu. Imf staff- see how their preferences can conflict with the preferences of the shareholders: strategic behaviour of borrowers- how domestic politics affects conditionality. In my view, there is no longer any ambiguity about this.
