Economics of Poverty

Debt is an efficient tool. It ensures access to other peoples raw materials and infrastructure on the cheapest possible terms. Dozens of countries must compete for shrinking export markets and can export only a limited range of products because of Northern protectionism and their lack of cash to invest in diversification. Market saturation ensues; reducing exporters income to a bare minimum while the north enjoys huge savings. The IMF cannot seem to understand that investing in … a healthy, well-fed, literate population…is the most intelligent economic choice a country can make.

You would all most think that the IMF does not know what it is doing to hear others who have been affected by their antics. The issues that are not understood to well be that poverty of the nations is the only way to gain mass control of the nations. The IMF knows exactly what it is doing.
For countries seeking financial assistance, the IMF and World Bank provide it but apply a neoliberal economic ideology or agenda as the preconditions to receiving the money. Prescribed cut backs, “liberalization” of the economy and resources extraction/export-oriented open markets as part of their structural adjustments. Thereby reducing the role of the state and privatization of protected domestic industries, institute policies to include currency devaluation, increase interest rates, produce a more flexible labour market, and the elimination of subsidies.