Who would’ve thought that the Third World would get to see this day
Damn the recession! One can’t even keep quasi-nationalist and snobbish institutions insulated from the pungent smell of the Third World. Look at what’s going on at poor IMF and World Bank, two institutions who in the past have not only ensured that power and policy is dictated by the western world, but have also ignominiously had their own policies initiating economic crises in various parts of the world. The pretty poor World Bank is planning to introduce some changes in their constitution. In the new set up, emerging economies will get a bigger say in policy and decision making. And how did this doe-eyed garbled monster end up accepting such a huge ego destruction? Look no further than its prettier, and now much poorer cousin IMF.
Surprise surprise, the IMF is now eyeing countries like China, Brazil, Gulf countries, South East Asian countries and India to get some ‘funds’. Though Japan, which has been hit hard by global meltdown, continues to fork out large amounts of money for the IMF and World Bank (Recently, the Japanese government donated a gigantic $100 billion to the IMF), economists say the IMF would still need a minimum of $500 billion to start its ‘good work’ for battered economies globally.
Damn the recession! One can’t even keep quasi-nationalist and snobbish institutions insulated from the pungent smell of the Third World. Look at what’s going on at poor IMF and World Bank, two institutions who in the past have not only ensured that power and policy is dictated by the western world, but have also ignominiously had their own policies initiating economic crises in various parts of the world. The pretty poor World Bank is planning to introduce some changes in their constitution. In the new set up, emerging economies will get a bigger say in policy and decision making. And how did this doe-eyed garbled monster end up accepting such a huge ego destruction? Look no further than its prettier, and now much poorer cousin IMF.
Surprise surprise, the IMF is now eyeing countries like China, Brazil, Gulf countries, South East Asian countries and India to get some ‘funds’. Though Japan, which has been hit hard by global meltdown, continues to fork out large amounts of money for the IMF and World Bank (Recently, the Japanese government donated a gigantic $100 billion to the IMF), economists say the IMF would still need a minimum of $500 billion to start its ‘good work’ for battered economies globally.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human FaceProf. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
