Author Topic: Chinese Question  (Read 1618 times)

antihellenistic

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See this news information, compare the differences between westerners and China during doing economic cooperation :

Source : Critics say IMF loans often hurt developing, poor countries - TRT World Now (30 September 2022)



Quote
"The IMF typically says exactly to agreed a program with Zambia, where IMF has suggested that Zambia removes fuel taxes, fuel subsidies, remove food subsidies as well which the IMF's says are untargeted.

The problem is that in a country like Zambia with a lot of poor people actually it's very difficult to target the poor. On the other hand with a country like the UK which has a lot more wealth, it is more possible to target the poor more easily. So in a sense the prescription that IMF is giving to the UK is almost, it would be better in another context. But I think the biggest issue here especially for developing countries, is that quite often what they want to do is to determine their own policies rather than have to take the prescription to the IMF. The UK will not have to necessarily do that. It may well be able to get itself out of this hole if it does change its policies and not have to go to the IMF whereas other countries are in a very different situation. - Hannah Ryder, CEO of Development Reimagined

(Minute 01 : 05 until 02 : 25)

...   


...now countries are only particularly dependent on China because others haven't necessarily been there, even what China has provided is really drop in the ocean in terms of what the needs are for actually kind of building more infrastructure and all this sort of thing, and we're seeing climate change which is even creating even more needs."

(Minute 03 : 28 until 03 : 46)