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Azathoth123 comments on A website standard that is affordable to the poorest demographics in developing countries? - Less Wrong Discussion

10 Post author: Ritalin 01 November 2014 01:43PM

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Comment author: Azathoth123 04 November 2014 04:55:54AM 2 points [-]

Last time I heard, every country that attempted to apply the IMF's recommendations faced economic and social disaster; their ideas are reputedly naive at best and malicious at worst.

Well India is the standard IMF success story.

Ok, now your turn: can you provide an example of a country where applying IMF recommendations resulted in more "economic and social disaster" then the country was already in before the IMF got involved.

Comment author: Ritalin 05 November 2014 12:06:52AM *  -2 points [-]

Here's a quick-and-dirty first things I found. Checking out peer-reviewed papers and other primary sources will take me a little more time.

Comment author: Azathoth123 06 November 2014 06:40:03AM 2 points [-]

Well none of those links contain examples of "economic and social disaster". The closest think to a concrete country that I could find in them was Greece. And even there the IMF/EU bailout did help, if only in a "kick the can down the road" kind of way. If any thing, from what I heard the problem in Greece is that the IMF wasn't insistent enough on structural reforms, instead going for a tax-increase heavy "austerity".

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