Book Review-Unholy Trinity: The IMF, World Bank and WTO (Chapter Three: The IMF (PP. 66-127))



The book is written by Prof. Richard Peet and Published in 2009 by Zed Books New York – London.

The aftermath of WWII has brought a complicated Bretton Woods gathering which is a prime cause for an intricate global governance system. It incubates non-state but powerful global governance systems-the IMF, WB, and WTO. It has purported to keep the power balance of the developed nations though it seems indifferent and equally benefiting all nations. It accumulated power and influence encircling 185 states of the word at its mercy hands. Most of which are decent but affected drastically and disastrously on their membership with IMF.

IMF is formed, trained, and shouldered neoclassicism and neoliberal line of thinking serving the ideological (especially economic ideology) interests of the developing nations contextually. It has devised an indirect and concealed style of governing global economies of developing nations via provision of short-term loans on austere conditionality which is devastating to the debtor countries in the long run. It has exchanged current problems of poor countries with short-term loans bearing lasting negative impacts on their economy. It has ignored the lives of the poor. It advocates privatization, deregulation, and cutting back of subsidies and public services which would in turn cause a rise in food prices, costly social services, and unemployment. Not only this, it snatches the regulatory power of governments not to cure the problem it resulted. It denies developing countries the chance to follow their developmental trajectory. They are denied of their wish to follow the path that they would like to develop differently. At the end of the day, a multifaceted turmoil filled with recurrent riots and demonstrations pooling or cooling an economy; and hampering developmental endeavors of poor countries has been occurred.

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Book Review - Getting to Yes: Negotiation agreement without giving in

Getting to Yes: Negotiation agreement without giving in by Roger Fisher and William Ury page 200+xiii, price 11.00 $ ,publisher Penguin book publisher [1]

Either to earn or to learn if anyone is interested in negotiation a small but coherent book getting to yes should be a start-up book to read. As Newsweek perfectly stated it is a lucid brief for win-win negotiation which if it takes hold, may help convert the age of ‘Me to the Era of We’. [2] You can’t spell negotiation without this book.

Like it or not, we are a negotiator. Every day we negotiate knowingly or unknowingly. Negotiation is a basic means of getting what you want from others. Although negotiation takes place every day, it is not easy to do well.  This book is all about how to get yes without going in to war and giving in.

Getting to yes is not a sermon on the morality of right and wrong; it is a book on how to do well in a negotiation. In our daily life there are different types of people those shy, outgoing, verbal and logic-chopping, structured, less comprehensive, tactful, blunt and others. These all are what we witness and one may wonder how to negotiate with different people in principle but flexible manner. This book is all about creating a principled negotiation which brings victory for both sides.

There are three ways of negotiation and three types of negotiators. Soft negotiators who think that the other side is friend, the goal is agreement, soft on the people and the problem, trust other, disclose their bottom line and insist on agreement. On the other hand there are  hard negotiators who believes that the other side is adversarial, goal is victory, hard on both the people and problem, distrust others, make treat, mislead as to you bottom line. The third ways is a novel concept called principled negotiation.

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