Posts About World Bank
U.S. Mistakes Make Dictators Happy
African nations are using increasing anti-American sentiment in Africa to muscle out U.S. companies from lucrative business deals. Dictators like Zimbabwe's Mugabe also use the anti-U.S. sentiments to get themselves out of political trouble. The U.S. is too mistrusted to change this without a new administration.
Appoint Bank Chief from Developing World
It is time to overhaul both the role and management of the World Bank and the IMF. Both institutions' primary clientele are developing countries. Their heads should therefore be selected from developing countries, and the headquarter of both must be moved to the developing world.
Show Us Where the Money Goes
The world's finance leaders should consider a realistic way to prompt all governments to publish accurate and honest budgets. Their citizens have a right to know how their money is being spent. The World Bank and IMF are well placed to start this global movement in a credible, consistent way.
Fantasy Over, Lab Experiments Don’t Work
The IMF and World Bank were designed to promote the principles of capitalist economies by protecting them against socialist and communist management. They became laboratories for economy policy experiments isolated from reality. It didn't work, and it is time to break up the fantasy.
