International Economic Organizations and Economic Development: An Assessment

  title={International Economic Organizations and Economic Development: An Assessment},
  author={Bumba Mukherjee},
  journal={SAIS Review of International Affairs},
  pages={123 - 137}
  • Bumba Mukherjee
  • Published 23 November 2008
  • Economics
  • SAIS Review of International Affairs
Critics of the IMF and the World Bank have long suggested that these two international economic organizations routinely fail to achieve their development goals and should hence be abolished. This article explores empirically whether the IMF and World Bank’s financial assistance to developing countries have failed or succeeded in promoting economic development across the developing world. The empirical analysis reveals that aid and loans from the IMF and the World Bank have a positive effect on… 

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