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Most countries go to the IMF because they find themselves having trouble maintaining the exchange value of their currencies. Stiglitz argues that the high interest rates imposed on many countries by the IMF have made their economic downward spirals even worse. Countries are intended to battle inflation that was not a serious problem to begin with...
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Countries are intended to battle inflation that was not a serious problem to begin with. "Stiglitz repeatedly claims that the IMF's policies stem not from economic analysis and observation but from ideology?specifically, an ideological commitment to free markets and a concomitant antipathy to government...
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