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The Doctrine of Economic Neutrality of the IMF and the World Bank

Bibliographic Data

ID3917675
AuthorsRichard Swedberg (0000-0003-0635-0581, Department of Sociology, University of Stockholm, corresponding author)
Year1986
Volume23
Issue4
Pages377-390
Publication date1986-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Peace Research (JOURNAL)
Journal identifiersISSN: 0022-3433 • E-ISSN: 1460-3578
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/002234338602300406
OpenAlexW2171605353
LanguageEN
Citations received38
References cited18

According to their articles of agreements the International Monetary Fund and the World Bank are only allowed to take economic considerations into account when making a decision. This essay argues that this stance - here labelled the doctrine of economic neutrality - constitutes the main ideology of the IMF and the World Bank. The two major assumptions of the doctrine - that politics can be kept out of the Fund and the Bank, and that decisions can be made on neutral, economic grounds in these two orga nizations - are examined in detail and rejected as false. The essay ends with a suggestion about the real function of the doctrine of economic neutrality: to provide an ideological smokescreen for the powerful Western nations to intervene in favor of free trade capitalism in the domestic affairs of third world coun tries

Capitalism · Doctrine · Economics · Ideology · Law and economics · Neutrality · Political economy · Political science · Politics · International Development and Aid · Law · World Systems and Global Transformations

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Unique citing works38
Citations per year0,97
Citation span1987 - 2025 (39)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 38
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