World Bank Corruption
- Thread starter BKR88
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I have friends who are and were in the WB, a lot of very smart Keynesian economists.
No, the typical package for third world countries, including South Korean back then, is to open their banking/financial system to foreign (white) and private sectors, in which we have excess of printed money to wash ashore, buy things cheap when these countries need the most.
Just take a look of recent Sri Lanka IMF bailout, it is just different type of colonialism.
Whoever local politicians in control will benefit from money flowing in.
No, the typical package for third world countries, including South Korean back then, is to open their banking/financial system to foreign (white) and private sectors, in which we have excess of printed money to wash ashore, buy things cheap when these countries need the most.
Just take a look of recent Sri Lanka IMF bailout, it is just different type of colonialism.
Whoever local politicians in control will benefit from money flowing in.
"very smart Keynesian economists"? -- Oxymoron ?
countries and economies are run by Keynesians, like it or not. You won't be starved to death.