In this paper we assess the IMF approach to economic reform in developing countries. The impact of IMF program participation on economic growth has been evaluated empirically in a cross-country literature, with little evidence of IMF programs having been successful. This suggests that a fresh...

Since independence in 1957, Ghana has tried a number of approaches to achieving acceptable rates of growth and development. A period of rapid industrialization in the 1960s, then control measures and further state interventions in the 1970s, was followed by a comprehensive programme from the...

The political factors shaping IMF lending to developing countries have attracted attention in recent empirical work. This goes in particular for the role and influence of the US. However, scant formal modelling makes interpretation of empirical results difficult. In this paper, we propose a...