104 sats \ 4 replies \ @wingalt 14 Oct \ on: Nobel economics prize awarded to Daron Acemoglu, Simon Johnson,James Robinson econ
I wonder if the book mentions the IMF, the world bank and the economic neo-colonialism policies of the West to make sure developing countries stay poor and give away their natural resources. Probably better to read John Perkins or Alex Gladstein to understand how the world works
That's for sure. @carlosfandango, can you answer this question?
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Sure. The book has more of a focus on domestic institutions, indeed I dont think it mentions the IMF or World Bank more than a couple of times.
It could be a critique of the book that it doesn’t focus on the imposition of economic policies from these organisations enough (it does reference them in a section about engineering prosperity and how these policies have largely failed but it is brief). Certainly the role of these organisations (World Bank et al) and their role in extracting wealth would be valid.
John Perkins (Confession of an Economic Hitman) certainly offers more insight into the neo-colonial practices of these organisations and from the interviews I have heard by Alex Gladstone I would suggest he is well informed on the topic and offers some solutions as well… (I haven’t read ‘Hidden Repression: How the IMF and World Bank Sell Exploitation as Development’.)