Suchergebnisse

The first part of the paper describes the internal incoherencies of the International Monetary Fund and its consistent ignoring of empirical evidence. The second part offers possible explanations for this nonchalance. A Kuhnian perspective can explain it in terms of anomaly accumulation necessary for a paradigm shift. Richard Peets' explanation forwards a joining of Foucaults' concept of dominant discourse with a Gramscian hegemony. Alternatively, ignoring of evidence by the IMF may well be interpreted as part of a neo-imperialist ploy directed at exploitation of developing countries. Finally, a concept of anti-utilitarian nature of absolutely implemented ideology derived from the writings of Hannah Arendt can explain the functioning of IMF beyond the bounds of purpose. Taking into account these explanations, the possibilities of change of harmful behavior for an institution such as IMF are suggested. Adapted from the source document.

The authors analyze the developments in the world economy during the second half of the 20th century & the first five years of the 21st century, Based on the statistical data published in the editions of international organizations -- primarily UN, IMF & WTO, they explain the causes of recession in the world economy at the beginning of this century after it achieved an impressive growth in the second half of the 20th century. The authors also point to the factors that contributed to the accelerated recovery of the world economy & world trade in 2004 & 2005. Tables, References. Adapted from the source document.