Quote:
Originally posted by Agamemnon@Sep 30 2004, 04:40 PM
I might suggest that the IMF isn't exactly the best source for unbiased economic information. The IMF has quite the capitalist, free-trade agenda that it (obviously) highly supports. Not saying their numbers are cooked, but I wouldn't be surprised if the accouting for global growth was a little wonky. I remember hearing a friend say that a countries GDP was something like the sum of all economic transactions in a country, meaning if there's an oil spill, and we spend millions cleaning it up, those millions went into economic transactions that caused the economy to 'grow', when really we just cleaned up a bunch of crap.
I'm not the hugest IMF or Worldbank fan in the world.
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That is why IMF has nothing to do with capitalism and free trade. Lets not confuse World Bank and IMF for some kind of free marketers.