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I doubt it's so simple. I just imagine it's a far from perfect market. So then I wonder where are the imperfections.
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I doubt it's so simple. I just imagine it's a far from perfect market. So then I wonder where are the imperfections.
Apart from interest on loans, "development debt" from the IMF or World Bank come with other strings attached such as "Structural Adjustment Programs," aka. prescribed consultation to change your economy.
Usually, they'd have to agree to resource extraction contracts, extracting and exporting more and at favorable conditions for the nominated (by the bank) counterparts.