IMF economists put ‘neoliberalism’ under the spotlight. The article is more a reflection of the vigorous debates under way inside the IMF than an official takedown of the free market policies the fund has long advocated. Its release also comes in the same week in which David Lipton, the fund’s number two, argued for the merits of free trade and globalisation to be sold more forcefully in a political climate where many candidates and voters are treating the IMF’s traditional call for more open economies with protectionist disdain.
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