||Produced by ?l. 1998.
In this program, financial experts including economist Jeffrey Sachs, Paul Krugman of MIT, and the IMF’s Stanley Fischer reveal the IMF’s ignorance of basic economic realities at the time of the Asian financial crisis, during which the IMF’s one-size-fits-all policy recommendations and faulty judgment worsened the economies it hoped to assist. Issues such as conflicts of interest, charges of corruption, and political heavy-handedness have prompted the CATO Institute and others to call for an end to the IMF, especially in light of the Russian financial fiasco, which left the IMF holding valueless promissory notes worth millions.
1 videocassette (37 min.) : sd., color ; 1/2 in
economist Jeffrey Sachs, Paul Krugman of MIT, and the IMF’s Stanley Fischer
Subject Talks by Jeffrey Sachs and Paul Krugman on roles of IMF