The International Monetary Fund is one of the most powerful lending agencies in the world. Its policies effect a large majority of developing countries and their populations. The IMF Policy Paradigm, an objective and comprehensive study of IMF policies, exposes in a professional manner the theoretical and analytical foundations on which these policies are based. The author takes a double-barreled approach to the relation between the IMF and the countries it services. He asserts that while problems have plagued less developed countries because of internal mismanagement these countries have also suffered from changes in the international economic situation which they do not control. David's incisive analysis of the theoretical, practical policy, and political variables, suggests important changes which should be implemented within the IMF.
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