Abstract
Developing countries in financial difficulties routinely enter into arrangements with the International Monetary Fund (IMF). Such arrangements reduce the economic sovereignty of the developing country markedly. This paper analyses this reduction in sovereignty and seeks to assess whether it is warranted given the IMF’s performance in the past 15 years and the proven capacity of some developing countries in policy development and implementation. It concludes by considering ways forward for the IMF.
Disciplines
Economics
Date of this Version
April 2007
Recommended Citation
Ross P. Buckley, "Re-envisioning Economic Sovereignty: Developing Countries and the International Monetary Fund" (April 2007). University of New South Wales Faculty of Law Research Series. Working Paper 24.
http://law.bepress.com/unswwps-flrps/art24
Comments
This paper is a chapter from "The End of Westphalia? Re-Envisioning Sovereignty", Ramesh Thakur, Charles Sampford and Trudy Jacobsen, (eds)(forthcoming). This paper may also be referenced as [2007] UNSWLRS 24.