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In the 1980s the international financial institutions tried to coerce governments into reform through “conditionality”—a government could get extra aid only if it agreed to change some of its economic policies. Nobody likes being coerced, least of all newly powerful local elites that are hypersensitive about sovereignty and see their gravy trains threatened.
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It (Grove Art)
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