What are some of the negative facts surrounding the bretton woods trio?
Most of the criticism is about the conditions that the borrower nations face to get loans. The IMF for example puts stipulations on borrow nations, like that you have to liberalize trade and finance, and that you have to privatize may nationalized industries (a lot of countries have industries where the government is the only company allowed to do business in a particular market, like the oil extraction market for example. This can be a good thing, and the IMF will tell a country that they can’t borrow if they do that). People have criticized the world bank for financing infrastructure projects that might help a bunch of people in a country but hurt others at the same time. For example, they’ll finance a hydroelectric power dam built on a river in whatever country, but the dam will displace thousands of indigenous people. The World Bank doesn’t care about that kind of thing though, they just want to fund projects that will get developing countries “up to speed” regardless of whatever c
