Is The Imf At Fault Or Its Clients?
Regarding the World Bank/International Monetary Fund meetings and accompanying protests ("Backlash: Behind the anxiety over globalization," Cover Story, Apr. 24): It seems to me that some of the protests are misdirected. While I agree that these organizations need reform in their approach to development issues, a real problem in achieving any progress is the unwillingness of leaders in most recipient countries to address fundamental reform in their own societies. These include high taxation levels, high government wages, the lack of fair business and marketing regulations, etc. No amount of benign donor assistance will change these basic social and economic issues.
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