Thomas (Reader in Global Political Economy, Reader in Global Political Economy, Royal Holloway, University of London) St
The dominant policy response to economic crises over the past four decades has been the introduction of austerity--a mix of budget cuts and reforms to downsize the role of the state. The International Monetary Fund (IMF) has been the world's lender of last resort and leading advocate of austerity, and has been consistently chastised by policymakers and civil society for the consequences of its economic policy reforms on social protection. Critics of the IMF have identified so-called structural adjustment programs as a key cause of global increases in poverty, widespread disease, and...
The dominant policy response to economic crises over the past four decades has been the introduction of austerity--a mix of budget cuts and reforms to...
