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Finance, Development, and the IMF$
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James M. Boughton and Domenico Lombardi

Print publication date: 2009

Print ISBN-13: 9780199239863

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780199239863.001.0001

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Bretton Woods and the Debate about Development

Bretton Woods and the Debate about Development

(p.15) 2 Bretton Woods and the Debate about Development
Finance, Development, and the IMF

Harold James

Oxford University Press

This chapter examines the evolution since the Bretton Woods conference of the IMF's approach to problems of low income countries. In particular, it seeks to locate that approach within the debate among economists about whether there is a special ‘development economics’. In that context, it examines the IMF's approaches to inflation, the ‘twin gaps’, fiscal issues, external debt issues, and exchange rate policy choice.

Keywords:   Bretton Woods Conference, low-income countries, development economics, twin gaps

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