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Baht Fever.
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- Abstract:
The article argues for the abolition of the International Monetary Fund (IMF). This call is necessitated by the agency's failure to provide resolution to the financial crises that affected several Asian nations. Instead, the U.S. should assert its economic might to help these nations. For in fact, the bulk of monetary pledges made by the IMF to financially distressed Asians were provided by the U.S. Treasury. It would also help if Asian nations take the path of liberalization instead of crony capitalism.
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