This paper assesses the policy role of the IMF in Low-Income Countries (LICs) in the wake of the global financial crisis and in response to its own claims of policy redesign and increased flexibility. The assessment focuses on the Fund's monetary and fiscal policy stance in a selection of case...

Until 2007, many people had believed that global economic growth, led by the U.S., could continue unabated for the foreseeable future. Mainstream commentators based their optimism on greater global economic integration and the adoption of market-driven patterns of development. They seemed little...

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Paper prepared for the United Nations Development Programme (UNDP), Human Development Report 1992. The purposes of this short monograph are, first, to introduce the general reader to the basic concepts of human development, seen as an all-embracing strategy of development, and, second, to devise...