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Showing posts with the label ماليزيا، "مهاتير محمد"، الدين، "صندوق النقد الدولي"

Malaysia and the International Monetary Fund

Here is another example of someone who does not know where the interests of "underdeveloped countries" are. Nor does she know that the major Western powers and Western-dominated international institutions have been helping poor countries through aid, loans, and advice on how to run their economies, "liberalise, restructure, plan, adjust, budget, and inject the spirit of entrepreneurship." This article is written by a graduate in economics from Sultan Qaboos University, Oman. An insignificant university in the world. The former student condemns the International Monetary Fund as an instrument of "domination, plunder and enslavement through debt", quoting a Western writer. She also gives the example of Malaysia under Mahathir Mohamad who refused to have the country indebted to the IMF and abide by the Fund's diktats. By contrast, in 'prestigious' Western universities a student believes that the IMF is a force of good in the world, with...