Structural Adjustment Programs Quotes

With each step away from communist constructivism to Hayekian capitalism, China has been richly rewarded.

American global economic imperialism is a fact. It's a known fact. It's a simple fact.

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

The industrialized world was dominating the processes of change in the Third World, in particular in the Islamic world. And, that domination resulted in educational processes that were shaped by the First World.

The move towards neoliberalism in Britain was intimately bound up with the embrace of the U.S. as the country to be aped and copied.

The Third World is not a reality but an ideology.

The problem with the World Bank and the IMF [International Monetary Fund] is that they have no constituency in the United States.

When people from organizations like the World Bank descended on Third World countries, they always tried to remove obstacles to development, to reduce economic anxiety and uncertainty.

Third world kids are dying today to pay off the debt.

The global policy shift toward neo-liberalism that took place during the 1980s and 1990s was supposed, according to its proponents, to bring a convergence of living standards of richer and poorer nations. This never actually happened.

If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.

One of the things that Africa needs, everybody seems to agree, is some measure of debt relief.

Obama remains frozen in his father's time machine. His anti-colonialism is the anti-colonialism of Africa in the 1950s: state confiscation of land, confiscatory taxation, and so on. My anti-colonialism is the anti-colonialism of India in the 21st century.

Too many African countries have already hit rock-bottom - ungoverned, poverty-stricken, and lagging further and further behind the rest of the world each day; there is nowhere further to go down.

Of course, aid is only one small part of international development. Some of the greatest benefits to the world's poorest can be achieved through policy changes by developed countries.

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO.

The US reasserted control over Nicaragua in 1990. Since then, the country has experienced a steep decline. It's now the second poorest country in the hemisphere.

The good thing about the IMF is there is no European politics involved.

It's easy to sit in relative luxury and peace and pontificate on the subject of the Third World debts.

There is no intrinsic reason African countries should be importing, rather than exporting, basic staples like rice or higher value products like frozen chicken, cooking oil, or instant noodles.

The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying.

I can tell you what happens to countries that go bankrupt. I've been to Argentina. I'm familiar with the history of Mexico and Great Britain. We'll see the same things here shortly: inflation, huge tax increases, capital flight and, eventually, capital controls.

There has long been a debate in the aid community and in Africa about how to most effectively help situations of poverty in developing nations and underprivileged communities.

There was a brief moment, after Haiti's 2010 earthquake, when even Bill Clinton recognized what had been done to Haiti in the name of 'free trade': the destruction of local markets and rice production.

I think Naomi Klein was very astute with her book 'Shock Doctrine.' We make money on disaster.