Orderly Liberalization, Not Deglobalization

Michel Camdessus is managing director of the IMF. He wrote this article in November.

Washington - The International Monetary Fund has come under heavy criticism in recent months both for its handling of global financial contagion and its proposals for defending against future crises. While many of the critics have offered constructive advice, at time the discourse has lost sight of the facts and the true significance of the proposed remedies.

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