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Are Failed Infrastructure Projects Linked to the Presence of the IMF or World Bank? Read on ...
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******************************** Are Failed Infrastructure Projects Linked to the Presence of the IMF or World Bank? Read on ... http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1259 When Wharton management professor Witold Henisz was studying the problems that Western investors have financing infrastructure projects in developing countries, one common denominator made him curious: The involvement of the International Monetary Fund or the World Bank. So Henisz and several colleagues combed through three decades of market reform and industry decentralization projects in dozens of countries, looking for a link between failed or troubled reform efforts and the presence of the IMF or World Bank. They found one. Working on two separate papers, the researchers conclude that the IMF and World Bank do indeed play a significant role in these areas –- but often in a negative way. "If you see the IMF and World Bank influencing reforms in a country...," says Henisz, "It's not a seal of approval. It's a warning flag."
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