Comments: Irma Adelman

Language:: English

Print Publication Date:: 04 May 1999

Keywords:: BOOK; government; country; policy; Sen; OECD government; redistribution policy; microenterprise growth; OECD country; government policy; market reform; Income inequality; Income distribution; Personal income; Income; Sub-Saharan Africa; East Asia; Global; Africa; Eastern Europe; world income; world market rate; price equalization theorems hold; globalization of capital markets

Abstract

When I was asked to this conference, I had almost the same reaction that Amartya Sen had when he received his invitation, and realized both the subject and the auspices of the conference. Thanks to Stanley Fischer’s remarks, I have become convinced that perhaps my initial incredulity was due to being misinformed about some of the changing concerns in the IMF. I hope that the IMF is not using those concerns merely in a division-of-labor sense, by delegating a lot of their implementation to its sister institution—the World Bank—and just tolerating its work, rather than fundamentally addressing the poverty issues in its own programs.

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