Globalization and the Nation State: The Impact of the IMF and the World Bank / Edition 1

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This book brings together an international team of contributors to assess the political economy of the IMF and World Bank programmes.

The cutting-edge techniques of the new political economy are thus brought to bear on international issues for the first time. The book includes contributions from leading North American economists - Stephen Coate, Stephen Morris, Ravi Kanbur and Allen Drazen - as well as European-based analysts including Graham Bird and Frances Stewart.

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Product Details

Meet the Author

Gustav Ranis is Frank Altschul Professor of International Economics andHenry R. Luce Director of the Yale Center of International and Area Studies
James Vreeland is Assistant Professor in the Department of Political Science at Yale University.
Stephen Kosack is at the Yale Center for International and Area Studies.

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Table of Contents

1 Who's in charge? : ownership and conditionality in IMF-supported programs 19
2 Policy conditionality 36
3 Conditionality and ownership in IMF lending : a political economy approach 51
4 Empirical implications of endogenous IMF conditionality 82
5 The high politics of IMF lending 111
6 Money talks : supplementary financiers and IMF conditionality 143
7 The World Bank and the reconstruction of the 'social safety net' in Russia and eastern Europe 181
8 When the World Bank says yes : determinants of structural adjustment lending 204
9 The demand for IMF assistance : what factors influence the decision to turn to the fund? 231
10 The survival of political leaders and IMF programs 263
11 Do PRSPs empower poor countries and disempower the World Bank, or is it the other way round? 290
12 Macroeconomic adjustment in IMF-supported programs : projections and reality 325
13 The IMF and capital account crises : the case for a separate lender of last resort and conditionality functions 351
14 Should the IMF discontinue its long-term lending role in developing countries? 378
15 IFIs and IPGs : operational implications for the World Bank 404
16 Ownership, Dutch disease, and the World Bank 419
17 Why its matters who runs the IMF and the World Bank 429
18 Do as I say not as I do : a critique of G-7 proposals on "reforming" the MDBs 452
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